BNET Industries
Sears Roebuck Acceptance Corp. (SBCK P) is in the Financial Services Industry
Latest News and Analysis
Fitch Affirms Sears Holdings IDR at 'BB'; Outlook to Negative
NEW YORK -- Fitch Ratings has affirmed its ratings of Sears Holdings Corporation Holdings as follows: Sears Holdings Corporation --Long-term IDR 'BB'; --Senior notes 'BB'; --Secured bank facility 'BBB-'. Sears, Roebuck and Co. Sears --Long-term IDR 'BB'; ...
Fitch Affirms Sears Holdings IDR at 'BB'; Outlook Stable
CHICAGO -- Fitch Ratings has affirmed its ratings of Sears Holdings Corporation Holdings as follows: Sears Holdings Corporation --Issuer Default Rating IDR at 'BB'; --Senior Notes at 'BB'; --Secured Bank Facility at 'BBB-'. Sears, Roebuck and Co. Sears ...
Fitch Affirms Sears Holdings' IDR at 'BB'; Outlook Revised to Stable
CHICAGO -- Fitch affirms its ratings of Sears Holdings Corporation Holdings as follows: Sears Holdings Corporation -- Issuer Default Rating IDR 'BB'; -- Senior notes 'BB'; -- Secured bank facility 'BBB-'. Sears, Roebuck and Co. Sears -- IDR...
Structured Asset Trust Unit Repackagings , Sears Roebuck Acceptance Corp. Series 2003-1 Trust to Make Partial Liquidation Distribution
NEW YORK -- Structured Asset Trust Unit Repackagings SATURNS, Sears Roebuck Acceptance Corp. Series 2003-1 Trust (the "Trust") (NYSE:DKG), announced today that a liquidation distribution will be made with respect to certain Units of the Trust on August 23, 2005. As described in a prior press release of July 25,...
Structured Asset Trust Unit Repackagings , Sears Roebuck Acceptance Corp. Series 2003-1 Trust Amends Trust Agreement and Seeks Withdrawal of Listing
NEW YORK -- Structured Asset Trust Unit Repackagings SATURNS, Sears Roebuck Acceptance Corp. Series 2003-1 Trust (the "Trust") (New York Stock Exchange Ticker Symbol "DKG"), announced today that an amendment has been entered into with respect to the documents governing the Trust and its Sears Roebuck Acceptance Corp. Series 2003-1...
Fitch Rates Sears Holdings' Sr Unsecured Debt 'BB'; Lowers Sears Roebuck to 'BB'
CHICAGO -- Fitch Ratings has announced the following rating actions upon completion of the merger of Kmart Holding Corporation Kmart and Sears, Roebuck and Co. under a new holding company named Sears Holdings Corporation Sears Holdings: New ratings: Sears Holdings -- Senior unsecured debt...
Fitch Updates Coverage of DJ CDX North American Investment Grade CDS Index
NEW YORK -- Fitch Ratings, the international rating agency, has updated its analytical coverage of the DJ CDX North American Investment Grade CDS Index (DJ CDX.NA.IG). The credit quality of the September 2009 membership list has remained broadly similar, with slight migrations in credit assessments for the 3-7%...
Fitch Affirms Sears' Senior Notes at 'BBB'; Rating Outlook Stable
NEW YORK -- Fitch Ratings has affirmed its ratings of the senior unsecured notes of Sears, Roebuck and Co. Sears and Sears Roebuck Acceptance Corp. SRAC at 'BBB', and SRAC's commercial paper at 'F2'. This action follows Sears' announcement that it has agreed to acquire up to 61 off-mall stores...
Fitch Downgrades Sears' Senior Notes to 'BBB'; Affirms CP; Stable Outlook
CHICAGO -- Fitch has lowered the ratings of the senior unsecured notes of Sears, Roebuck and Co. Sears and Sears Roebuck Acceptance Corp. SRAC to 'BBB' from 'BBB+'. The downgrades reflect Sears' weak operating performance and growing competitive pressures, offset in part by sizable debt reduction from the proceeds of...
Local Focus.(Business)
Sears' $11.8 billion tender offer begins HOFFMAN ESTATES - Sears, Roebuck and Co. and two of its subsidiaries, Sears Roebuck Acceptance Corp. and Sears DC Corp. (the former Discover Credit Corp.) have begun cash tender offers to buy their respective unsecured public term debt...
S&P Lwrs Rtgs on 3 Sears Roebuck Acceptance-Rel Deals
Business Editors NEW YORK--BUSINESS WIRE--July 18, 2003 Standard & Poor's--Standard & Poor's Ratings Services today lowered its ratings on three Sears Roebuck Acceptance Corp.-related synthetic transactions and removed them from CreditWatch with negative implications, where they were placed March 27, 2003 see list. The...
Fitch Ratings Affirms Sears' Sr Unsecured Notes at 'BBB+'; Rating Outlook Negative
Business Editors CHICAGO--BUSINESS WIRE--July 15, 2003 Fitch Ratings has affirmed the ratings on Sears, Roebuck and Co. Sears following the announcement of its agreement to sell its Credit and Financial Products business to Citigroup for approximately $32 billion. Ratings affirmed include the 'BBB+' rated senior unsecured...
S&P Puts 3 Sears Roebuck-Rel Synth Rtgs on Watch Neg
Business Editors NEW YORK--BUSINESS WIRE--March 27, 2003 (Standard & Poor's)--Standard & Poor's Ratings Services today placed its ratings on three Sears Roebuck Acceptance Corp.-related synthetic transactions on CreditWatch with negative implications see list. The CreditWatch placements follow the placement of Sears Roebuck Acceptance Corp.'s...
Fitch Ratings Comments on Sears' Announcement
Business Editors CHICAGO--BUSINESS WIRE--March 26, 2003 Fitch Ratings does not currently expect the potential sale by Sears, Roebuck and Co. Sears of its Credit and Financial Products business to result in a change to its ratings on Sears. Fitch continues to rate the senior unsecured notes...
S&P Asgn CBTC Sears Roebck Acceptnce 2003-5 Certs Rtg
Business Editors NEW YORK--BUSINESS WIRE--March 6, 2003 (Standard & Poor's)--Standard & Poor's Ratings Services today assigned its 'BBB+' rating to Corporate Backed Trust Certificates Sears Roebuck Acceptance Note-Backed Series 2003-5's the trust $27.484 million class A-1 7.625% certificates. The rating reflects the credit quality...
S&P Asgns SATURNS Sears 2003-1 Units Rtg; On WatchNeg
Business Editors NEW YORK--BUSINESS WIRE--Standard & Poor's Jan. 30, 2003--Standard & Poor's Ratings Services today assigned its 'A-' rating to Structured Asset Trust Unit Repackagings SATURNS Sears Roebuck Acceptance Corp. Debenture Backed Series 2003-1's $60,191,725 7.25% callable units. At the same time, Standard & Poor's placed...
S&P Asgns CBTC Sears 2003-1 Tr Cl A-1 Rtg;On WatchNeg
Business Editors NEW YORK--BUSINESS WIRE--Standard & Poor's Jan. 28, 2003--Standard & Poor's Ratings Services today assigned its 'A-' rating to Corporate Backed Trust Certificates Sears Roebuck Acceptance Corp. Note-Backed Series 2003-1 Trust's $59.475 million class A-1 7.25% corporate-backed trust certificates series 2003-1. At the...
Fitch Lowers Sears' Senior Notes To 'BBB+'; Affirms CP; Rating Outlook Negative
Business Editors CHICAGO--BUSINESS WIRE--Jan. 9, 2003 Fitch Ratings has lowered its ratings of the senior unsecured notes of Sears, Roebuck and Co. Sears, Sears Roebuck Acceptance Corp. SRAC, and Sears DC Corp to 'BBB+' from 'A-', and has removed these entities from Rating Watch Negative, where...
Local Focus.(Business)
Motorola to take $98 million charge SCHAUMBURG - Motorola Inc. said it will take a $98 million fourth-quarter charge to slash its debt load 10 percent and cut interest payments. The charge follows Motorola's agreeing to buy back $825 million of debt from Goldman...
Fitch Continues Review Of Sears; Company Remains On Rating Watch Negative
Business Editors CHICAGO & NEW YORK--BUSINESS WIRE--Dec. 18, 2002 Sears, Roebuck and Co. Sears, Sears Roebuck Acceptance Corp. SRAC, and Sears DC Corp.'s 'A-' rated senior unsecured notes remain on Rating Watch Negative, where they were placed on 10/17/02. SRAC's 'F2' rated commercial paper program is...
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- Incorporated: 1956
- Employees: 9
Sears Roebuck Acceptance, a wholly-owned finance subsidiary of Sears, Roebuck and Co., is principally engaged in the business of acquiring short-term notes of Sears using proceeds from its unsecured short-term borrowing programs, primarily the direct placement of commercial paper, and the issuance of long-term debt, including medium-term notes and discrete underwritten debt. Co.'s income is derived primarily from the earnings on its investment in the notes and receivable balances of Sears. Under a letter agreement between Co. and Sears, the interest rate on Sears notes is calculated so that Co. maintains an earnings to fixed charges ratio of at least 1.25.
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Sears Roebuck Acceptance Corp. Company Info
Board of Directors
Keith E. Trost
George F. Slook
Michael J. Graham
Larry R. Raymond
Glenn R. Richter
Contact Information
3711 Kennett Pike
Greenville, DE
302 434-3100
NAICS Code
Financial Transactions Processing, Reserve, and Clearinghouse Activities: 522320Brought to you by IBM
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