RadioShack Corp. $300 Million Senior Unsecured Notes Rated 'A-'
- ID: 1751149
- May 2001
- Standard & Poors
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Research type: News
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NEW YORK (Standard & Poor's CreditWire) May 4, 2001--Standard & Poor's today assigned its single-'A'-minus rating to RadioShack Corp.'s proposed $300 million senior unsecured note issue due in 2011 and issued under Rule 144A with registration rights. At the same time, Standard & Poor's affirmed its single-'A'-minus long-term corporate credit and senior unsecured debt ratings on RadioShack. The 'A-2' short-term corporate credit and commercial paper ratings on the company were also affirmed. The outlook is stable. Proceeds from the new debt offering will be used to repay short-term debt. The ratings on RadioShack reflect the strong cash flow and profitability of the RadioShack store network. This factor is mitigated by the company's exposure to consumer electronic product cycles, a competitive...
Companies mentioned in this report are: RadioShack Corp.
Action: New Rating