Despite their restructuring efforts, BCBG Max Azria Group’s credit rating went from a B- to a CCC+ on Friday as a result of “meaningful revenue decline,” according to ratings agency Standard & Poor’s.
BCBG Max Azria’s Credit Rating Takes Another Hit
Despite their restructuring efforts, BCBG Max Azria Group’s credit rating went from a B- to a CCC+ on Friday as a result of “meaningful revenue decline,” according to ratings agency Standard & Poor’s.