Moody's affirms RadioShack

Moody's Investors Service said it affirmed RadioShack Corp.'s Ba1 corporate family rating and SGL-1 speculative-grade liquidity rating.

The outlook is stable.

The agency noted that the affirmation of the Ba1 corporate family rating considers that despite the weakening in leverage metrics that will occur following the closing of RadioShack's announced convertible debt offering of up to $350 million, the company continues to be well-positioned in the Ba1 rating category.

"Improvements in operating performance over the past 18 months generated sufficient cushion at this rating level such that this transaction has no immediate impact on RadioShack's ratings or outlook", stated Moody's senior analyst Charlie O'Shea.

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