Form 10-Q MENS WEARHOUSE INC For: Oct 31
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S&P Downgrades Men's Wearhouse (MW) to 'B'; Notes Significant Underperformance at Jos. A. Bank
December 11, 2015 2:53 PM ESTStandard & Poor's Ratings Services today lowered its corporate credit rating to 'B' from 'B+' on Mens Wearhouse Inc. The outlook is stable.
At the same time, we lowered the issue-level rating on the term loan to 'B+' from 'BB-' and the issue-level rating on the unsecured notes to 'CCC+' from 'B-'. The '2' recovery rating on the term loan and '6' recovery rating on the unsecured notes remain unchanged, indicating our expectation of recovery on the high end of the 70%-90% range and 0%-10% range, respectively.
"The rating action reflects significant... More
Men's Wearhouse (MW) Adds New Director
December 10, 2015 6:15 AM ESTThe Men's Wearhouse (NYSE: MW) today announced the appointment of Irene Chang Britt as an additional member to the Board of Directors.
"Irene is a highly seasoned consumer products executive and director whose experience includes leadership roles at the Campbell Soup... More
