Bed Bath & Beyond moved to the top tier of Fitch's "top market concern bonds" watch list for potential default following the retailer's recent disastrous financial results, Eric Rosenthal, the rating agency's senior director of leveraged finance, tells Axios.
Why it matters: Bed Bath & Beyond, as one of the remaining category killers in the home goods space, is more likely to share the fate of Toys R Us, rather than the turnaround Cinderella story of Best Buy.
