Credit agency downgrades Circuit City

By Alan Wolf of TWICE -- Video Business,10/09/2008

OCT. 8 | FROM TWICE: A credit reporting company that advises manufacturers on whether to ship goods to retailers has withdrawn its recommendation from Circuit City, according to reports in several media outlets, including the Richmond Times-Dispatch, the retailer’s hometown paper.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

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Submitted by:	Lou Santos (LLEWELLYS@AOL.COM) 10/10/2008 7:50:22 AM PT
Location:	LOUISVILLE, KY
Occupation:	RETIRED

I think it's about time we start looking for and posting something positive. Perhaps the media is being overly aggressive and making a major contribution to the panic the public feels. I feel the media will be happy iof the market crashes and they have headlines. The haves and the have nots are in two different boats. I hope AIG enjoyed their conference and paychecks while others are losing their pensions and 401K's.

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