NEW YORK — Credit ratings agency Moody’s Investor Services on Monday placed the debt ratings of Saks Inc. on review for a possible upgrade.

About $2 billion in debt could be affected by an upgrade. Affected ratings include the senior implied of “B1,” long-term issuer rating of “B2” and senior unsecured public debt ratings of “B1.” As reported, Moody’s downgraded Saks’ debt in January 2002.

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