Form 10-Q RADIOSHACK CORP For: Aug 02

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Go back to Form 10-Q RADIOSHACK CORP For: Aug 02

S&P Cuts RadioShack (RSH) to 'CCC-'; Would View Debt Restructuring as 'Tantamount to Default'

September 11, 2014 2:12 PM EDT

Standard & Poors Ratings Services today lowered its corporate credit rating on Fort Worth, Texas-based RadioShack (NYSE: RSH) to 'CCC-' from 'CCC'. The rating outlook is negative.

At the same time, we lowered the rating on the companys senior unsecured notes to 'C' from 'CC', two notches below the corporate credit rating. The... More