Moody's may lower Gymboree

Moody's Investors Service said it placed all ratings on Gymboree Corp. on review for downgrade.

The affected ratings include the B3 corporate family rating, the B3 probability of default rating, the B2 rating on the company's $794 million secured term loan due February 2018 and the Caa2 rating on the company's $400 million senior unsecured notes due December 2018.

The agency said the review for downgrade considers the company's weak third quarter results, which were well below expectations.

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