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    Fitch Ratings expects increased stability in ratings for U.S. retailers and a long-term stable outlook for the sector in 2010. Some Negative Rating Outlooks may migrate to Stable if sales trends stabilize, margins improve on better inventory positions and cash flow generation and liquidity remain adequate. A few Negative Outlooks have been revised to Stable in recent months with 10 companies or 37% of U.S. retailers under coverage having Negative Rating Outlooks compared to 12 companies or 44% at the peak in May 2009.
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