Credit agency downgrades Circuit City

FROM TWICE: Concerns over whether retailer can pay vendors

By Alan Wolf of TWICE -- Video Business, 10/9/2008

OCT. 8 | FROM TWICE: A credit reporting company that advises manufacturers on whether to ship goods to retailers has withdrawn its recommendation from Circuit City, according to reports in several media outlets, including the Richmond Times-Dispatch, the retailer’s hometown paper.

The firm, Bernard Sands, reportedly pulled its recommendation over concerns that Circuit City may not be able to pay its vendors.

Read the full story on TWICE.com.

« Back | Print