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Bulletin: RadioShack Corp. Ratings Unaffected By Announced Tender Offer
Standard & Poors, Aug 2009
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) Aug. 31, 2009--Standard & Poor's Ratings Services said today that RadioShack Corp.'s (BB/Stable/--) announcement that it has commenced a cash tender offer to purchase any and all of its outstanding 7.375% notes due 2011 has no immediate impact on its ratings or outlook. While the tender offer, if successful, will improve the company's financial profile, we expect that credit metrics will remain appropriate for the rating category given the company's weak business risk profile. Moreover, we anticipate that sales and operating performance will likely deteriorate in the coming quarters and counteract any immediate credit metric improvement as a result of the tender offer....
Companies mentioned in this report are: RadioShack Corp.
Action: Bulletin
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