MOODY'S TO REVIEW KMART CREDIT

NEW YORK -- Moody's Investors Service here said last week it had placed the debt of Kmart Corp., Troy, Mich., on review for possible downgrade in light of ongoing restructuring initiatives and pressure from a chilly business environment.Currently, the discounter's senior unsecured debt rests at Baa3, the lowest tier of investment grade. Moody's analyst Philip Emma said, "They're performing operations

NEW YORK -- Moody's Investors Service here said last week it had placed the debt of Kmart Corp., Troy, Mich., on review for possible downgrade in light of ongoing restructuring initiatives and pressure from a chilly business environment.

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