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Fitch downgrades RadioShack’s credit rating


New York -- Fitch Ratings on Friday downgraded RadioShack's credit rating. On Thursday, the struggling retailer warned it may need to file for Chapter 11 bankruptcy protection.

Fitch cut RadioShack's issuer default rating from "C'' from "CC," which puts the chain’s credit rating one level above default.

Fitch said that RadioShack may experience a funding shortfall during the holiday season.

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