Nordstrom Starts Repairing Its Tarnished Status With Debt Deal.

Keywords: JWN; ALLTOP; BON; BONTOP; BUSINESS; CONS; COS; FIN; INDUSTRIES; MARKETS; MKTTOP; RET; SVC; TOP; WWTOP; WWTOPAM EN JWN ALLTOP BON BONTOP BUSINESS CONS COS FIN INDUSTRIES MARKETS MKTTOP RET SVC TOP WWTOP WWTOPAM Nordstrom Inc. was so desperate for cash when the pandemic took hold last year that it mortgaged prized assets and took on high-cost debt once reserved for some of the riskiest companies. Nordstrom lost its investment-grade rating from S&P Global Ratings in September, and earlier negative outlooks from Moody's Investors Service and S&P kicked in added balance sheet covenants. [Extracted from the article]

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