J. C. Penney Funding Corp.

News & Analysis

j. c. penney funding corp. - All News and Analysis

• Fitch Ratings Affirms JC Penney At 'BB'; Outlook Revised to Negative

  - 2003-07-01

  Business Editors NEW YORK--BUSINESS WIRE--July 1, 2003 Fitch Ratings has affirmed the 'BB+' rating on J.C. Penney Co., Inc.'s Penney $1.5 billion secured bank facility, the 'BB' rating on Penney's senior unsecured notes, and the 'B+' rating on the company's convertible subordinated notes. In addition, the...

• Moody's cuts Penney ratings

  - 2001-04-09

  NEW YORK -- Saying that J.C. Penney Co.'s department stores and Eckerd Corp. drug chain are continuing to operate poorly and that improvements will be difficult to achieve anytime soon, Moody's Investors Service last month lowered the retailer's long- and short-term credit ratings to junk status. The downgrading...

• Fitch Lwrs JC Penney's Sr. Debt `BBB-', CP `F3' On Rtg Watch Neg

  - 2000-10-06

  Business Editors NEW YORK--BUSINESS WIRE--Oct. 6, 2000 J. C. Penney Co., Inc.'s Penney $5.7 billion senior debt and $2.0 billion senior debt shelf registration are lowered to `BBB-' from `BBB' by Fitch following the company's announcement that third quarter operating results and fiscal 2000 as well...

• J.C. Penney completes credit facility.(Brief Article)

  - 1995-12-08

  PLANO, Texas FNS - J.C. Penney Co. and its J. C. Penney Funding Corp. unit completed a $3 billion financing comprising a $1.5 billion 364-day revolving credit facility and a $1.5 billion five-year revolver. The facilities support the company's short-term borrowing program and will replace...