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Prospect News home > News index > List of issuers T > Headlines for TRU Taj LLC > News item
Published on 9/7/2017 in the Prospect News Bank Loan Daily, Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

S&P cuts Toys ‘R’ Us to CCC+

S&P said it lowered its ratings on Toys ‘R’ Us Inc., including the corporate credit rating, to CCC+ from B- and placed ratings on CreditWatch with negative implications.

The agency also assigned its CCC+ corporate credit rating to Toys ‘R’ Us (Canada) Ltd., Toys ‘R’ Us Delaware Inc. and TRU Taj LLC, and also placed those ratings on CreditWatch with negative implications.

“The downgrade reflects our view that the company may choose to address certain 2018 maturities at less than par or engage in a broader restructuring,” S&P said in a news release.


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