Moody’s puts Bed Bath & Beyond rating on review for downgrade

Moody’s Investors Service said it placed Bed Bath & Beyond Inc.’s Baa3 senior unsecured rating on review for downgrade.

“The review for downgrade reflects the acceleration of same-store sales declines in the first half of FY19, including slightly negative sales on-line in Q2, that continues to erode operating income and concerns about Bed Bath’s market position,” said Moody’s analyst Peggy Holloway, in a press release.

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