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?

Advertisements

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.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s




Subscribe
Bookmark and Share

Archives

March 2009
S M T W T F S
« Feb   Apr »
1234567
891011121314
15161718192021
22232425262728
293031  

Ian Ritter on Twitter

Error: Twitter did not respond. Please wait a few minutes and refresh this page.

RSS GlobeSt.com’s Top Stories

  • An error has occurred; the feed is probably down. Try again later.

%d bloggers like this: