EuroRating downgrades CCC rating to BBB-

EuroRating downgraded shoe retailer CCC rating to BBB- from BBB, confirmed negative outlook. Rating decrease resulted mainly from the deterioration of the company’s liabilities structure over the past several quarters. EuroRating underscored that the recent rapid growth in CCC assets was mainly financed with external capital. Despite the progressive deterioration in financial ratios, CCC has recently made several…

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