TEXT-Fitch rates Bon-Ton's new notes 'CCC/RR5';otlk negative
June 19, 2012 at 08:15 AM EDT
June 19 - Fitch Ratings has assigned a 'CCC/RR5' rating to the $329 million 10 5/8% senior second lien secured notes due July 2017 issued by The Bon-Ton Department Stores, Inc. It has simultaneously downgraded the remaining $135 million 10 1/4% senior unsecured notes due March 2014 to 'CC/RR6' from 'CCC/RR5'. The Rating Outlook is Negative. A full list of rating actions is shown below.