4 Quotes by Evan Mann

Some investment grade mutual funds and pension plans can't hold paper that's below investment grade. People that couldn't own it because of the ratings restriction now can look at it again.

Even if these improvements fall short of expectations, they will make the company more attractive to a potential buyer.

The timing of (the upgrade) makes sense given that the fourth quarter is such a crucial part of a retailer's year.

A lot of times the bonds trade closer to investment grade before the actual ratings get there. The market has already baked it in.