JC Penney Disputes Credit-Crunch Report; Debt Recovers Modestly In Trading |
| August 05, 2013 | August 2013 Bond Updates |
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Bonds backing J.C. Penney recovered modestly today, though the company's shares and loans barely moved, following a company statement disputing press reports of a credit-line problem with CIT Group. However, just as with yesterday afternoon's plunge on the news, trading volume is minimal for J.C. Penney bonds, with primarily just tiny odd lots changing hands. |
| View more at: http://www.forbes.com/sites/spleverage/2013/08/01/jc-penney-disputes-credit-crunch-report-debt-recovers-modestly-in-trading/ |
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