Sears Holdings (SHLD) has released a list of 79 Sears and Kmart stores it plans to close, and it looks like both chains will be hit hard.

This is only a partial list. The company said it will shutter as many as 120 stores, and it presumably will announce more locations in the next year.

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The list comes as credit ratings agencies turn their spotlights on Sears and its dismal financial conditions. Fitch downgraded Sears to "CCC" from "B," and said the company's liquidity will likely be "inadequate" next year, with a heightened risk of restructuring. Standard & Poor's is reviewing Sears for a possible downgrade.

Will the store closures be enough to help Sears avoid downgrade?

Here's the list of the closures announced so far, grouped by state. The company did not say when the stores would close or how many employees will lose their jobs.

Alabama
Three stores to close: Sears in Mobile; Kmarts in Auburn and Gadsden.

California
Three stores to close: Sears in El Monte and two in San Diego.

Colorado
Three stores to close: Sears in Longmont; Kmart in Broomfield and Glenwood Springs.

Florida
11 stores to close: Sears in Crystal River, Deland, Port St. Lucie, Stuart, West Palm Beach; Kmart in Callaway, Fernandina Beach, New Smyrna Beach, Orange City, Pompano Beach and St. Augustine.

Georgia
Six stores to close: Sears in Macon; Kmart in Atlanta, Buford, Columbus, Douglasville and Jonesboro.

Idaho
One store to close: Sears in Lewiston.

Indiana
Three stores to close: Sears in Anderson; Kmart in Indianapolis and St. John.

Iowa
Two stores to close: Kmart in Cedar Rapids and Davenport.

Kansas
One store to close: Sears in Lawrence.

Kentucky
Three stores to close: Sears in Middleboro; Kmart in Hazard and Winchester.

Maryland
One store to close: Sears in Ellicott City.

Michigan
Six stores to close: Sears in Adrian, Brighton, Chesterfield Township, Harper Woods, Monroe and Washington Township.

Minnesota
Four stores to close: Kmart in Duluth, New Hope, White Bear Lake and Willmar.

Mississippi
Three stores to close: Sears in Columbus, Jackson and McComb.

Missouri
Two stores to close: Sears in Lee’s Summit and St. Louis.

New Hampshire
Two stores to close: Sears in Keene and Nashua.

North Carolina
Four stores to close: Sears in High Point, Morehead City, Rocky Mount and Statesville.

Ohio
Six stores to close: Kmart in Chagrin Falls, Columbus, Medina, Springfield and two in Toledo.

Oregon
One store to close: Sears in Roseburg.

Pennsylvania
Two stores to close: Sears in Pottstown and Upper Darby.

South Carolina
One store to close: Sears in Sumter.

Tennessee
Four stores to close: Sears in Antioch, Cleveland, Oak Ridge; Kmart in Hendersonville.

Virginia
Three stores to close: Sears in Norfolk; Kmart in Midlothian and Richmond.

Washington
Two stores to close: Sears in Walla Walla; Kmart in Lacey.

Wisconsin
Two stores to close: Sears in West Baraboo; Kmart in Rice Lake.