|
|
 |
|
Viewing report
|
|
|
|
BULLETIN: RadioShack Corp. Lower-Than-Expected Fourth-Quarter Results Will Not Affect Ratings
Standard & Poors, Dec 2005
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
NEW YORK (Standard & Poor's) Dec. 19, 2005--Standard & Poor's Ratings Services said today that its ratings and outlook on RadioShack Corp. (BBB+/Stable/A-2) are not currently affected by the recent announcement that fourth-quarter results will be below expectations. Sales and profitability of its wireless business are weaker than expected, because of the impact of a change in the company's wireless carrier. Standard & Poor's had lowered the ratings on RadioShack in August 2005 because of its large overnight share repurchase. At that time, we also expected business disruptions from the changes in the company's carrier contracts. Despite the earnings shortfall, we expect the company's cash-flow protection measures to remain appropriate for the 'BBB+' rating category. We will re-assess the credit...
Companies mentioned in this report are: RadioShack Corp.
Action: Bulletin
|
|
|
|
