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BRIEFLY

Moody's might upgrade Ward's debt ratings.

July 02, 1987

Prompted by Montgomery Ward's "continued improvements in reducing costs, streamlining operations and improving returns," Moody's Investors Service said it is reviewing the long-term ratings of the retailer and its subsidiary, Montgomery Ward Credit Corp., with the possibility that they might be upgraded. Under review are ratings on Ward senior debt of about $144 million and on senior debt at the credit unit of about $1.36 billion.

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