J.C. Penney long term ratings downgraded by Moody's Moody's downgraded J.C. Penney's long term ratings, including its Corporate Family Rating and Probability of Default Rating to B3. The rating outlook is negative. Moody's said it expects J.C. Penney's Q4 gross margins will severely decline given the company's need to clear excess inventory.
J.C. Penney director discloses 100K share purchase at $7.28 J.C. Penney director Javier Teruel disclosed in a filing late Friday the purchase of 100K shares at $7.28 on Nov. 19. Shares of JCP are up 5.5% in early afternoon trading.