S&P ups RadioShack outlook to stable

Standard & Poor's said it revised the outlook on RadioShack Corp. to stable from negative.

At the same time, the agency said it affirmed its ratings on the company, including the BB corporate credit and senior unsecured ratings.

According to S&P, the outlook revision comes in spite of the company issuing $300 million of senior convertible notes and reflects its belief that the company can maintain appropriate credit metrics and financial flexibility for the rating category.

S&P noted that the ratings on RadioShack reflect its vulnerable business profile characterized by exposure to short consumer electronics product cycles and the strong competition in the consumer electronics industry.

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