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Prospect News home > News index > List of issuers T > Headlines for Toys 'R' Us Inc. > News item
Published on 9/18/2017 in the Prospect News Bank Loan Daily, Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

Fitch downgrades Toys ‘R’ Us to CC

Fitch Ratings said it downgraded the long-term issuer default ratings for Toys 'R' Us, Inc. and all its entities, including Toys 'R' Us - Delaware, Inc., Toys 'R' Us Property Co. I, LLC and TRU Taj LLC, to CC from CCC.

Fitch said the downgrade reflects the material market information regarding the hiring of various financial advisors and law firms, a claims agent and supplier issues that suggest a restructuring could be imminent.


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