Moody’s Says 39 Retailers Distressed

Moody’s recently put out a “Bottom Rung” list of 283 companies that the ratings agency thinks are most at risk of defaulting on their debt, and there’s a lot of retail on there.

Reuters has nicely put together a condensed list of all 39 retail and restaurant operators to make the distinction, and there’s not too many surprises.

Some of the names with the biggest real estate presence include Arby’s, Blockbuster, Burlington Coat Factory, Claire’s Stores, Michael’s, OSI Restaurant Partners (Outback Steakhouse) and Rite Aid.

Do any of the operators on the list surprise you?

3 Responses to “Moody’s Says 39 Retailers Distressed”

  1. 1 WRandolphHearst March 11, 2009 at 1:17 pm

    Here’s my list of surprised/not surprised:
    Surprised about St John’s, Loehmann’s, Beverages & More and BCBG. Intuitively, Loehmann’s should be doing better as they are a discount/closeout operator. I would have the same for Beverages & More, but, not sure how “discounted” their prices actually are.

    Not surprised about Blockbuster, Rite Aid, Arby’s and El Pollo Loco. These four, particularly the first two, could really take a bite out of neighborhood shopping centers. And, to note, the disappearance of Rite Aid would be very sad for the inner city consumers who look to them for a better price.

  2. 2 peter pan March 11, 2009 at 7:14 pm

    With Dicks saying the country will still hold 800 stores I will wait to see what TSA does about that. Not sure why TSA made the bottom of the list though. Not being a public company how accurate can the financial information be that this opinion is based on?

  3. 3 Broker March 12, 2009 at 9:53 am

    I am surprised there are not more names on this list.

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