Maybe another step closer to Circuit City, Best Buy (BBY -3%) catches downgrade #2 for the day,...

|About: Best Buy Co. (BBY)|By:, SA News Editor

Maybe another step closer to Circuit City, Best Buy (BBY -3%) catches downgrade #2 for the day, S&P lowering its rating to BB from BB+. Similar to RadioShack, the agency envisions a tough Q4 for the company. The fruits of any turnaround plan by management could be a year or more away. (Fitch earlier)