DOUBLE-CHECKED DEBT: Ending a review begun in June, Moody’s Investors Services confirmed the ratings of approximately $200 million of asset-backed debt issued by Charming Shoppes Master Trust that it had placed under review for possible downgrade. Moody’s confirmed the ratings of $98.25 million Class A asset-backed notes, series 1999-1, at “Aaa”; $27 million Class B asset-backed notes, series 1999-1, at “A2”; $63.5 million Class A asset-backed notes, series 2002-1, at “Aaa”; and $16.5 million Class B asset-backed notes, series 2002-1, at “Aa2.” Moody’s initiated the review in June after an independent auditor discovered several reporting errors in the trust’s monthly service reports last year after a vendor switch by Charming Shoppes.

SWITCHES AT SAKS: Michael Macko has been named director of fashion merchandising, men’s, at Saks Fifth Avenue. The seven-year Saks veteran was previously director of publicity for the retailer, and he will continue to report to Jaqui Lividini, senior vice president of fashion merchandising and communication. A successor for Macko has not been designated, and he will continue to oversee public relations responsibilities for the company until one is named. Macko replaces Sunny Diego, who was promoted to market director, women’s accessories and intimates, this summer.

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