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S&P Global Downgrades Saks Global’s Credit Rating, Citing Financing Package
pymnts.com/business/2025/sp-global-downgrades-saks-globals-credit-rating-citing-financing-package
S&P Global Ratings has downgraded its issuer credit rating on Saks Global Enterprises from “CCC+” to “CC,” saying the luxury retailer’s proposed $600 million financing transaction that was announced June 27 is “tantamount to a default.”
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The financing package…
This story appeared on pymnts.com, 2025-07-11 15:58:01.