Fitch Downgrades J.C. Penney's IDR to 'BBB-'; Outlook Stable.

Extract


Fitch Downgrades J.C. Penney's IDR to 'BBB-'; Outlook Stable.

NEW YORK -- Fitch Ratings has downgraded J.C. Penney Co., Inc.'s (J.C. Penney) Issuer Default Rating (IDR) and debt ratings as follows:

--IDR to 'BBB-' from 'BBB';

--Senior unsecured notes and debentures...

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