Macy’s Pullback Imperils $30 Billion of Debt, Morningstar Says

  • For malls, store closings may be start of a ‘downward spiral’
  • Rating agency identifies $3.6 billion of loans most at risk

Store closures by Macy’s Inc. could hurt more than the mall rats, according to Morningstar Credit Ratings.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.