Fitch Publishes Second Quarter Recovery Analyses for U.S. Retailers

NEW YORK--()--Fitch Ratings has updated its recovery analyses for the following U.S. retailers as of Aug. 2, 2014, unless otherwise indicated:

--J.C. Penney Company, Inc. (JCP)

--RadioShack Corporation (RSH)

--Rite Aid Corporation (RAD) (as of Aug. 30, 2014)

--Sears Holdings Corporation (SHLD)

--SUPERVALU Inc. (SVU) (as of June 14, 2014)

--Toys 'R' Us, Inc. (TOY)

--The Bon-Ton Stores, Inc. (BONT)

--Burlington Stores, Inc. (BURL)

--Claire's Stores, Inc. (CLE)

--J.Crew Group, Inc. (JCG)

--The Gymboree Corporation (GYMB)

--Michaels Stores, Inc. (MIK)

--NBTY, Inc. (NBTY) (as of June 30, 2014)

--Neiman Marcus Group LTD LLC (NMG)

The interactive recovery analysis worksheets are available at 'www.fitchratings.com' under the following headers:

Sectors then Corporate Finance then Corporates then Research

Additional information is available at 'www.fitchratings.com'.

The Recovery Ratings reflect the application of Fitch's current criteria which is available on Fitch's website at 'www.fitchratings.com'.

Applicable Criteria and Related Research:

--'Corporate Rating Methodology' (May 28, 2014);

--'Recovery Ratings and Notching Criteria for Non-Financial Corporate Issuers' (Nov. 19, 2013).

Applicable Criteria and Related Research: U.S. Retailing Recovery Models (Second-Quarter 2014 )

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=788088

Corporate Rating Methodology: Including Short-Term Ratings and Parent and Subsidiary Linkage

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=715139

Recovery Ratings and Notching Criteria for Utilities ¬タモ Effective May 3, 2012 to Nov. 19, 2013

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=693750

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Contacts

Fitch Ratings
Monica Aggarwal, CFA, +1 212-908-0282
Senior Director
Fitch Ratings, Inc.
33 Whitehall Street
New York, NY 10004
or
Philip Zahn, CFA, +1 312-606-2336
Senior Director
or
Media Relations:
Brian Bertsch, +1 212-908-0549
brian.bertsch@fitchratings.com

Contacts

Fitch Ratings
Monica Aggarwal, CFA, +1 212-908-0282
Senior Director
Fitch Ratings, Inc.
33 Whitehall Street
New York, NY 10004
or
Philip Zahn, CFA, +1 312-606-2336
Senior Director
or
Media Relations:
Brian Bertsch, +1 212-908-0549
brian.bertsch@fitchratings.com