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Following a forbearance agreement with its lenders and missed payment, Anastasia Beverly Hills’ parent company has been downgraded by Standard & Poor Global Ratings.
The credit rating agency announced on Tuesday that it moved Anastasia Holdings LLC’s rating from “CCC-” to “D” after the company missed its principal and interest payment due on that date. It entered into a forbearance agreement with lenders on July 25. The agency described the forbearance agreement and nonpayment as…
