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![kshaughnessy2 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::22259843.png) kristen shaughnessy [@kshaughnessy2](/creator/twitter/kshaughnessy2) on x 24.3K followers
Created: 2025-07-10 12:56:51 UTC

Credit downgrade for Saks

"S&P Global Ratings downgraded Saks Global Enterprises LLC credit rating by three notches after the company announced a $XXX million financing package that includes a debt exchange....

“The downgrade reflects our view that the proposed financing transaction is tantamount to a default,” S&P said.."

![](https://pbs.twimg.com/media/Gvf2_fUWUAEqE-I.jpg)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1943293337882034505/c:line.svg)

**Related Topics**
[money](/topic/money)
[debt](/topic/debt)
[rating agency](/topic/rating-agency)
[default risk](/topic/default-risk)
[$spgi](/topic/$spgi)
[stocks financial services](/topic/stocks-financial-services)

[Post Link](https://x.com/kshaughnessy2/status/1943293337882034505)