Moody's: RadioShack unchanged

Moody's Investors Service said RadioShack Corp.'s announcement that it has secured $835 million of new senior secured financing to refinance its existing $450 million ABL revolving credit facility and its existing $175 million term loan will have no immediate effect on the company's Caa1 corporate family rating, its Caa1-PD probability of default rating, the Caa2 rating on its $325 senior notes, its SGL-1 speculative grade liquidity rating or its negative outlook.

The new credit facilities are a $585 million ABL revolver due 2018 and a $250 million senior secured term loan due 2018. They will close in the fourth quarter of fiscal 2013.

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