RadioShack (RSH -0.5%) is downgraded to CCC+ from B- by S&P. The recovery rating remains at...

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

RadioShack (RSH -0.5%) is downgraded to CCC+ from B- by S&P. The recovery rating remains at "4," meaning an expected 30%-50% recovery in event of a default. "It will be very difficult for the company to improve its gross margin in Q4 ... given the highly promotional nature of year-end holiday retailing in the wireless and consumer electronic categories."