Moody’s cuts Sears view to negative, rates notes Caa3

Moody’s Investors Service said it revised the outlook on Sears Holdings Corp. to negative from stable.

Moody's also assigned a Caa3 (LGD 6) rating Sears Holdings’ 8% senior unsecured notes due 2019.

The company’s Caa1 corporate family rating and SGL-2 rating – indicating good liquidity over the next 12 months – were affirmed.

Moody’s said the revision in the outlook to negative reflects Sears’ still significant operating losses.

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