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Moody's May Downgrade Ethan Allen Ratings
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ETH
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NEW YORK (AP) — Moody's Investors Service said Wednesday that it has placed its ratings for Ethan Allen Interiors Inc. on review for possible downgrade following the home furnishings retailer's weak fiscal third-quarter results in late April.
About $200 million in debt instruments are affected by Moody's action.
The ratings under review include Ethan Allen's investment-grade "Baa3" senior unsecured rating. Moody's said the results, which included a 40 percent revenue drop, heightened its concerns about the company's ability to rebound. ...
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