Why Bed Bath & Beyond Is Falling Today
Shares of Bed Bath & Beyond (NASDAQ: BBBY) are falling 3.7% on Monday at 11:49 a.m. ET following a downgrade of the home goods retailer's debt further into junk category.
Moody's dropped the retailer's debt from Caa3 to C, which is the lowest rating possible from the service, and indicates Bed Bath & Beyond has a "very high likelihood of a default over the next twelve months."
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Source Fool.com
