Back on September 2014, the bond rating agency Fitch decided that SHLD wasn't even worthy of a 'CCC' rating, but gave them a 'CC' rating. That rating was affirmed yet again in January 2017.
2014 article: https://www.barrons.com/articles/fitch-downgrades-sears-to-deepest-junk-ratings-1410375408
2017 article:
https://www.reuters.com/article/idUSFit987711
@icxw brilliant response!!
That’s S&P, not Fitch. They haven’t updated...yet.
Rating is now CCC- which means they are below junk bond level. Highly likely to default
I believe the commander-in-chief would refer to Sears as a Sh--hole Company.
@yvn It doesn't matter that it was a year ago, but it still matters what the credit/bond rating agencies say about a company because it is how confident they are (with the financial info that they have access to that informs their decisions) as to how near death the company might be!!
That was a year ago.