Elevate Credit loans money "to the vast and underserved segment of 170 million non-prime consumers in the U.S. and U.K."
The sports apparel company's credit rating is cut to 'junk' level on weakening margins and 'intense competition.'
Absent an economic slowdown, strong free cash flow and accessible debt markets will keep companies from having to tap reserves.
Specialty department store Kohl's has its corporate credit rating cut to BBB-, the lowest investment-grade rung.
The benchmark rate for $350 trillion worth of financial products worldwide has risen nearly 0.40 percentage point over the past year.
The new influx in credit will help Sears stay afloat until future real estate deals provide more cash to pay down outstanding debts.
Prospective tax changes from President-elect Trump will cause companies to change how they allocate and distribute capital.
Unsecured creditors can help to shape how the case progresses and maybe get better results without incurring legal fees.
The carmaker is still hoping to return to the bond market as it continues to deal with the fallout from its emissions scandal.
Fitch Ratings warns that Trump's proposed tax cuts alone would not generate enough economic growth to offset the loss in revenue.