New High Yield Bond Ratings February 1 – February 5, 2021

At least 19 companies received revisions on high yield bond ratings during the week of February 1 - February 5, 2021. These revisions caused S&P Global Ratings to issue a negative, watch negative, or stable outlooks to all of the companies. Only one received a watch positive outlook.

The Consumer Discretionary sector saw the most activity during this week, with the Materials sector close behind.

Source: S&P

Here is a snapshot of some revisions throughout the week:

February 2

Belk Inc., a department store operator based in Charlotte, N.C., received a ratings downgrade due to multiple missed debt payments. The retailer's issuer credit rating was lowered from CC to D.

S&P expects the company to miss all of its debt payments before entering into its previously ...

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