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Shopping for Department Store Bond Values

Rising consumer spending has allowed many retailers to clean up their balance sheets, creating some attractive values for fixed-income investors, says Morningstar's Joscelyn MacKay.

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Jeremy Glaser: For Morningstar, I am Jeremy Glaser. I'm here today with Joscelyn MacKay. She is a securities analyst here at Morningstar. We're going to take a look at department stores and explore some of the rating changes that she and her team have recently made.

Joscelyn, thanks for joining me today.

Jeremy Glaser does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.