TEXT-Fitch: top ten questions in U.S. high yield retail sector

Tue Feb 7, 2012 3:39pm EST

Feb 7 - Fitch Ratings has published a new report featuring the top 10
questions in the U.S. high yield retail sector. Fitch hosted a number of
investor meetings and a New York roundtable in January in conjunction with the
launch of its 'High Yield Retail Checkout,' a comprehensive profile of 25 high
yield retailers. The top 10 questions below highlight the topics most frequently
addressed by Fitch analysts:	
	
1. What is the outlook for Sears, and how long will its liquidity hold up?	
2. Following your recent downgrade of SUPERVALU, how do you assess the company's
prospects?	
3. What is Fitch's view of Rite Aid in light of the recent stabilization in its
operating trends?	
4. How well positioned is Claire's for its upcoming refinancing needs?	
5. What is Fitch's view of Gymboree, in light of its challenges in 2011?	
6. Does Fitch expect Michael's Stores' credit profile will continue to improve?	
7. How resilient is Yankee Candle in view of its high leverage?	
8. Given that Levi's margins have been under pressure, at what point would you
consider taking a negative rating action?	
9. How does Fitch assess J.Crew's business and credit profile following its
recent fashion miss?	
10. What are Toys 'R' Us's prospects, given its position as the sole remaining
brick-and-mortar specialty toy retailer?	
	
The report, 'Top Ten Questions in the High Yield Retail Sector,' is available at
'www.fitchratings.com'.	
	
Contact:	
	
Monica Aggarwal, CFA	
Senior Director	
+1-212-908-0282	
Fitch, Inc.	
One State Street Plaza	
New York, NY 10004	
	
Kristi Broderick	
Senior Director	
+1-312-368-3140	
	
Additional information is available at 'www.fitchratings.com'.	
	
Applicable Criteria and Related Research:	
	
--'Sorting Out the High Yield Retailers', Feb. 26, 2012;	
--'High Yield Retail Checkout' Jan. 12, 2012;	
--'U.S. Retail Stats Quarterly', Jan. 13, 2012;	
--'2012 Outlook: U.S. Retail', Nov. 22, 2011.	
	
Applicable Criteria and Related Research: Top Ten Questions in the High Yield
Retail Sector	
	
Segmenting the High Yield Retailers	
High Yield Retail Checkout -- Amended	
U.S. Retail Stats Quarterly -- Third-Quarter 2011 Review	
2012 Outlook: U.S. Retail -- Muddling Through in Maturity
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