Best Buy (BBY) is down 11% after Standard & Poor's cut its debt to BBB-, the lowest...

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

Best Buy (BBY) is down 11% after Standard & Poor's cut its debt to BBB-, the lowest investment grade, yesterday. S&P thinks credit metrics will weaken more than projected as consumers cut back. Today, "putting the word credit next to a retailer is toxic," analyst Gary Balter says.