S&P lowers Kohl’s to negative

S&P said it revised the outlook on the Kohl's Corp. to negative from stable.

The agency also said it affirmed all of its ratings, including its BBB corporate credit rating.

The outlook revision reflects the company's continued soft operating performance, S&P said, and an expectation that these trends will likely persist over the next 12- to 24-months.

This is despite the sales decline moderation and some margin recovery in the fiscal second quarter that ended July 30, the agency added.

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