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S&P Says Bed Bath & Beyond Inc. Downgraded To 'D' From 'CC' On Expected General Default

Bed Bath & Beyond Inc (BBBY.O):

  • S&P SAYS BED BATH & BEYOND INC. DOWNGRADED TO 'D' FROM 'CC' ON EXPECTED GENERAL DEFAULT

  • S&P SAYS BBBY LACKS THE RESOURCES NEEDED TO REPAY ITS FINANCIAL OBLIGATIONS AND WE EXPECT THE COMPANY WILL PURSUE A COMPREHENSIVE DEBT RESTRUCTURING.

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