S&P cuts debt rating for Neiman Marcus

Neiman Marcus, luxury, retail, retailer
The Neiman Marcus sign outside a store in Golden, Colorado December 9, 2009. Upscale retailer Neiman Marcus Inc reported a lower quarterly profit as consumers continued to avoid luxury items amid a slowdown the company expects will last for some time. REUTERS/Rick Wilking (UNITED STATES BUSINESS) - RTXRO0T
Neiman Marcus drew a debt downgrade from Standard & Poor’s Ratings Services, as the portfolio company of Ares Corp and Canada Pension Plan Investment Board faces headwinds in the retail sector. S&P Credit Analyst Helena Song cited soft apparel trends in 2016, ...

This content is available for Buyouts subscribers only. Request a free trial to get access for a limited period

If you already have an active Buyouts subscription, please sign in to view this article.