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S&P: Bon-Ton outlook negative
Standard & Poor's said it revised the outlook on Bon-Ton Stores Inc. to negative from stable.
At the same time, S&P said it affirmed all ratings on the company, including the B corporate credit rating.
"The outlook revision reflects weak year-to-date performance that has been moderately below our expectations, our view that operations are likely to erode over the near term, and our belief that credit metrics will weaken further," said S&P credit analyst David Kuntz in a news release.
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