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Sears Roebuck Acceptance Corp. (SBCK P) is in the Financial Services Industry

Latest News and Analysis

  • 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...

    Articles 2005-03-28

  • 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%...

    Articles 2004-07-14

  • 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...

    Articles 2004-06-30

  • 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...

    Articles 2004-06-21

  • 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...

    Articles 2003-10-18

  • 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...

    Articles 2003-07-18

  • 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...

    Articles 2003-07-15

  • 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...

    Articles 2003-03-27

  • 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...

    Articles 2003-03-26

  • 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...

    Articles 2003-03-06

  • 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...

    Articles 2003-01-30

  • 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...

    Articles 2003-01-28

  • 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...

    Articles 2003-01-09

  • 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...

    Articles 2002-12-19

  • 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...

    Articles 2002-12-18

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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: 522320
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