RadioShack Corp. (RSH) Trades at Session Lows

May 16, 2014 10:53 AM EDT

RadioShack Corp. (NYSE: RSH) hit session lows mid-morning on Friday, down over 8.5% on volume.

Yesterday, Fitch downgraded Radioshack's Issuer Default Rating to 'CC' from 'CCC'. The downgrade reflects the increasing likelihood that RadioShack will need to restructure its debt within the next 12 months.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Credit Ratings, Trader Talk