Moody's Sees Credit Conditions Improving

Moody's Investor Service said Friday it believes overall credit conditions in the U.S. retail industry will “materially improve” over the next 12-18 months, with operating income growing and sales moderating — an overview that prompted the agency to change its outlook for the retail sector to “positive” from “stable.”

NEW YORK — Moody's Investor Service here said Friday it believes overall credit conditions in the U.S. retail industry will “materially improve” over the next 12-18 months, with operating income growing and sales moderating — an overview that prompted the agency to change its outlook for the retail sector to “positive” from “stable.”

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