Today, Moody's Investor's Rating Service published a list called The Bottom Rung. This list provides information about 283 companies which Moody's predicts as having the greatest chance of failure this year because they will default on their debt. Moody's predicts 45% of the companies will fail by year end.
Included on the list, Barney's New York, Chiquita Brands, Dole Foods, Eddie Bauer, Ford, GM, Guitar Center, Jacuzzi, Orbitz, Reader's Digest, Sirius XM and Rite Aid, among others.
Finishing touches are just being made to a new Rite Aid store on the corner of Main and Union Streets in Middletown.
Perhaps one of the steps in granting zoning exceptions to business developments planning to come to town is to examine closely their financial status, and debt rating.