Excerpt:
"Standard & Poor's lowered its rating on department store operator Neiman Marcus Group from B-minus to triple-C-plus, putting it in a ratings category that signals substantial risk of default. It is keeping a negative outlook. Analysts say the company can't cover the payments owed on its debts due to industry headwinds."
https://www.barrons.com/articles/neiman-marcus-credit-rating-lowered-to-perilous-triple-cs-1486668824