On Wednesday Standard
& Poor's decided to put retailer Sears Holdings Corp. for a probable
downgrade. S&P agency insists that closing more than 100 stores is not very
likely to improve Sears performance. Sears corporate credit rating affirmed by
S&P currently is at B. Sears stocks plunged on Tuesday
after retailer announced it will shut between 100 and 120 Sears and Kmart
stores to reduce costs.
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