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

NEW YORK--()--Link to Fitch Ratings' Report: U.S. Retailing Recovery Tool (First-Quarter 2015)

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=868156

Fitch Ratings has updated its recovery analyses for the following U.S. retailers as of May 2, 2015, unless otherwise indicated:

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

--Rite Aid Corporation (RAD) (as of May 30, 2015)

--Sears Holdings Corporation (SHLD)

--SUPERVALU Inc. (SVU) (as of Feb. 29, 2015)

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

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

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

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

--The Gymboree Corporation (GYMB)

--Michaels Stores, Inc. (MIK)

--NBTY, Inc. (NBTY) (as of March 31, 2015)

--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, 2015);

--'Recovery Ratings and Notching Criteria for Non-Financial Corporate Issuers' (June 12, 2015).

Applicable Criteria

Corporate Rating Methodology - Including Short-Term Ratings and Parent and Subsidiary Linkage (pub. 28 May 2014)

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=749393

Recovery Ratings and Notching Criteria for Non-Financial Corporate Issuers (pub. 12 Jun 2015)

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=867275

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

Contacts

Fitch Ratings
Monica Aggarwal, CFA
Managing Director
+1-212-908-0282
Fitch Ratings, Inc.
33 Whitehall Street
New York, NY 10004
or
Philip Zahn, CFA
Senior Director
+1-312-606-2336
or
Media Relations:
Alyssa Castelli, +1 212-908-0540
alyssa.castelli@fitchratings.com

Contacts

Fitch Ratings
Monica Aggarwal, CFA
Managing Director
+1-212-908-0282
Fitch Ratings, Inc.
33 Whitehall Street
New York, NY 10004
or
Philip Zahn, CFA
Senior Director
+1-312-606-2336
or
Media Relations:
Alyssa Castelli, +1 212-908-0540
alyssa.castelli@fitchratings.com