NEW YORK — Moody's Investors Service here said Monday it has downgraded the corporate family rating of BJ's Wholesale Club to B2 from B1. Moody's also said it downgraded BJ's probability of default rating to B2 from B1; downgraded the ratings on two existing secured term loans; and also assigned provisional ratings to two proposed secured term loans. BJ's, based in Westborough, Mass., said it plans to raise approximately $690 million in new debt to execute a ...
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