Sears/Kmart: Brief: Files Chapter 11/Bankruptcy

Credit Rating Summary:

Sears has filed for relief under Chapter 11 of the U.S. bankruptcy code in the state of New York. The historic retailer believes that it can re-emerge as a smaller and profitable retailer in the "very near term." It is important to note that other retailers such as Toys R Us and Sports Authority also had similar.....

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