After revising the department store’s outlook to negative in July, S&P Global followed through by lowering its issuer credit rating and secured unsecured debt rating on Kohl’s to BB+ from BBB-. It expects KSS’ leverage to remain around 3.5x for the rest of the year, as sales and profitability will likely stay pressured. Following the downgrade, the outlook was changed to stable. The ratings ... Log in to view full article.