KeyBanc Starts Limited Brands (LTD) at Hold
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October 11, 2013 6:53 AM EDT
Credit Suisse downgraded Limited Brands (NYSE: LTD) from Outperform to Neutral with a price target of $64.00 (unchanged).
For an analyst ratings summary and ratings history on Limited Brands click here. For more... More
October 10, 2013 12:00 PM EDT
Moody's Investors Service today rated L Brands, Inc.'s (NYSE: LTD) proposed $500 million senior unsecured guaranteed notes Ba1. All other ratings were affirmed including the Ba1 Corporate Family and Ba1-PD Probability of Default Ratings. At the same time, Moody's assigned a Speculative Grade Liquidity rating of SGL-1. The rating outlook is stable.
The proceeds of the proposed $500 million senior unsecured notes are anticipated to be used to refinance L Brands' 2014 debt maturity as well as for other general corporate purposes. Moody's expects that a portion of the proceeds will be used... More
October 10, 2013 7:06 AM EDT
Limited Brands, Inc. (now known as L Brands, Inc.) (NYSE: LTD) reported net sales of $786.0 million for the five weeks ended Oct. 5, 2013, compared to net sales of $773.6 million for the five weeks ended Sept. 29, 2012. The company reported a comparable store sales increase of 1 percent... More
