Moody’s said it is reviewing Carter Hawley debt.
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Noting a sharp decline in fourth-quarter earnings of Carter Hawley Hale Stores, Moody’s Investors Service said it is reviewing for possible downgrade the debt ratings of Carter Hawley and a subsidiary, Carter Hawley Hale Overseas Finance. The ratings under review include about $600 million of Carter Hawley’s debentures and notes and Carter Hawley Overseas’ guaranteed notes, all rated Baa3.
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