| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers R > Headlines for Radio Shack Corp. > News item |
Moody's lowers RadioShack outlook to negative
Moody's Investors Service said it revised RadioShack Corp.'s outlook to negative from stable.
The agency also said it affirmed the company's Ba1 corporate family and probability of default ratings, along with the Ba2 ratings (LGD 4, 64%) on its $375 million 2½% senior unsecured convertible notes due 2013 and $325 million senior unsecured notes due 2019. Its senior unsecured shelf rating also was affirmed at provisional Ba2.
RadioShack also an SGL-1 speculative-grade liquidity rating.
The company's financial leverage is high for the rating category and the agency said it does not expect the company's operating performance to reverse its negative trend in the near- to medium-term.
Therefore, Moody's said it expects margins and credit metrics to continue to deteriorate.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.