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UNITED STATES |
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SECURITIES AND EXCHANGE COMMISSION |
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Washington, D.C. 20549 |
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FORM 8-K |
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CURRENT REPORT |
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Pursuant to Section 13 or 15(d) of the |
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Securities Exchange Act of 1934 |
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Date of Report (Date of earliest event reported): December 15, 1999 |
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SEARS ROEBUCK ACCEPTANCE CORP. |
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(Exact name of registrant as specified in charter) |
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Delaware |
1-4040 |
51-0080535 |
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(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
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3711 Kennett Pike Greenville, Delaware |
19807 |
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(Address of principal executive offices) |
(Zip Code) |
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Registrant's Telephone Number, including area code: (302) 434-3112 |
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Item 5. Other Events |
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On December 15, 1999, Moody's Investor Service announced that it had lowered the debt ratings of Sears, Roebuck and Co. and certain of its subsidiaries as follows: |
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Sears, Roebuck and Co.--notes, medium term notes, debentures, and issuer rating to A3 from A2; senior unsecured shelf registration to (P)A3 from (P)A2, subordinated shelf registration to (P)Baa1 from (P)A3; preferred stock shelf registration to (P)"baa1" from (P)"a3". |
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Sears Roebuck Acceptance Corp.--notes, medium term notes, senior notes, debentures, global notes, global bonds, eurobonds to A3 from A2, senior unsecured shelf registration to (P)A3 from (P)A2, subordinated shelf registration to (P)Baa1 from (P)A3, and the company's rating for commercial paper to Prime-2 from Prime-1. |
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Sears DC Corp.--medium term notes to A3 from A2. |
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Orchard Supply Hardware--senior notes to A3 from A2. |
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SIGNATURES |
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Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. |
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SEARS ROEBUCK ACCEPTANCE CORP. |
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By:/s/George F. Slook |
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George F. Slook |
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Vice President, Finance and |
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Assistant Secretary |
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Date: December 16, 1999 |
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