Fitch Ratings close to sounding default knell on RadioShack

|About: RadioShack Corporation (RSH)|By:, SA News Editor

Fitch Ratings gives a dire outlook for RadioShack (RSH -0.7%) after the company's FQ1 results underwhelmed.

The ratings agency expects a restructuring at RadioShack before the end of the year with excess liquidity very tight.

If Fitch bumps its rating on the retailer down a notch to C it would signify a belief that a default is imminent.