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September 12, 2012 04:32 PM Eastern Daylight Time Fitch Updates Recovery Analyses for U.S. Retailers

Link to Fitch Ratings' Report: U.S. Retail Recovery Models -- Second-Quarter 2012

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=688581

Fitch Ratings has published updated recovery analyses for U.S. Retailers, including:

--The Bon-Ton Stores, Inc. (BONT) (as of July 28, 2012)

--Levi Strauss & Co. (as of May 27, 2012)

--Neiman Marcus, Inc. (NMG) (as of Apr. 28, 2012)

--RadioShack Corporation (RSH) (as of June 30, 2012)

--Rite Aid Corporation (RAD) (as of June 2, 2012)

--Sears Holdings Corporation (SHLD) (as of July 28, 2012)

--SUPERVALU Inc. (SVU) (as of June 16, 2012)

--Toys 'R' Us, Inc. (TOY) (as of July 28, 2012)

The interactive recovery analysis worksheets are available at 'www.fitchratings.com' under the following headers:

Sectors then Corporate Finance then Corporates then Research

Additional information is available at 'www.fitchratings.com'.

The Recovery Ratings reflect the application of Fitch's current criteria which is available on Fitch's website at 'www.fitchratings.com'.

Applicable Criteria and Related Research:

--'Corporate Rating Methodology' (Aug. 8, 2012);

--'Recovery Ratings and Notching Criteria for Non-Financial Corporate Issuers' (Aug. 14, 2012).

Applicable Criteria and Related Research:

Corporate Rating Methodology

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=647229

Recovery Ratings and Notching Criteria for Non-Financial Corporate Issuers

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=628489

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.

Contacts

Fitch Ratings
Monica Aggarwal, CFA, +1 212-908-0282
Senior Director
Fitch, Inc.
One State Street Plaza
New York, NY 10004
or
Philip Zahn, CFA, +1 312-606-2336
Senior Director
or
Isabel Hu, CFA, +1 212-908-0672
Associate Director
or
Media Relations:
Brian Bertsch, +1 212-908-0549
Email: brian.bertsch@fitchratings.com

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