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US: Sears to borrow $400m following ratings downgrade

2014-09-16 14:16:00| Daily apparel & textile news and comment - from just-style.com

Sears Holdings is borrowing $400m from an investment fund headed by the department store retailer's chairman and CEO Edward Lampert, in a move that comes days after Fitch Ratings lowered its credit rating on the company.

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