13.05.2013 23:30:00
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Bon-Ton Stores Inc., (The) -- Moody's upgrades Bon-Ton's CFR to B3 from Caa1, assigns Caa1 to proposed senior secured notes, outlook stable
New York, May 13, 2013 -- Moody's Investors Service today upgraded The Bon-Ton Stores, Inc.'s ("Bon-Ton") Corporate Family Rating to B3 from Caa1 and its Probability of Default Rating to B3-PD from Caa1-PD. Moody's also assigned a Caa1 rating to the company's proposed $300 million senior secured notes due 2021. The rating outlook is stable.