S&P Puts Kohl’s on CreditWatch
The rating’s agency expects that a Franchise Group acquisition of Kohl’l will be financed largely by selling the retailer’s approximately $7.8 billion in real estate assets, or borrowing against them. KSS’ adjusted leverage would then be too high to justify its current BBB- issuer credit rating, and S&P warned that it could ... Log in to view full article.
