UNITED STATES


SECURITIES AND EXCHANGE COMMISSION


Washington, D.C. 20549


FORM 8-K


CURRENT REPORT


Pursuant to Section 13 or 15(d) of the


Securities Exchange Act of 1934

 


Date of Report (Date of earliest event reported): December 15, 1999

 


SEARS, ROEBUCK AND CO.

 


(Exact name of registrant as specified in charter)

 
 
 

 
 
 


New York

1-416

36-1750680


(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

 
 

 
 


3333 Beverly Road          Hoffman Estates, IL

   60179


(Address of principal executive offices)

(Zip Code)

 

 


Registrant's Telephone Number, including area code: (847) 286-2500

 

 


Item 5.     Other Events

 


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:

 


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".

 


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.

 


Sears DC Corp.--medium term notes to A3 from A2.

 


Orchard Supply Hardware--senior notes to A3 from A2.

 


SIGNATURES

 


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.

 
 

 

SEARS, ROEBUCK AND CO.


 
 

 

By: /s/Jeffrey N. Boyer

 

Jeffrey N. Boyer

 

Vice President and Chief Financial          Officer


Date: December 16, 1999