Saks Global is stuck

“In our view, the company’s competitive advantage will weaken as competitors with more financial capacity increase share, which will require additional effort and resources to reengage its customer base,” Carvalho and O’Neill said.In September S&P Global ratings analysts Frederico Carvalho and Amanda O’Neill upgraded their July assessment, and no longer hold that the bond maneuver was “tantamount to a default.” But they did reiterate their liquidity concerns, based on the higher debt and the prospect that t ...