29.01.2016 20:20:00

99 Cents Only Stores LLC -- Moody's downgrades 99¢ Only Stores CFR to Caa1, outlook remains negative

New York, January 29, 2016 -- Moody's Investors Service today downgraded the Corporate Family Rating and Probability of Default Rating of 99¢ Only Stores to Caa1 and Caa1-PD from B3 and B3-PD respectively. Moody's also downgraded the ratings of the company's senior secured term loan to Caa1 from B3 and its senior unsecured notes to Caa3 from Caa2. In addition, the company's Speculative Grade Liquidity Rating is lowered to SGL-4 from SGL-3. The rating outlook remains negative.

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