(Reuters) - Standard & Poor's on July 5 lowered its rating for the
movie rental chain deeper into junk territory, citing the
company's failure to meet financial covenants and consideration
of strategic alternatives.
Shares of Movie Gallery were down 1 cent, or 1.6 percent,
to 62 cents in Monday afternoon trading on Nasdaq.
Read more at Reuters.com Bonds News
movie rental chain deeper into junk territory, citing the
company's failure to meet financial covenants and consideration
of strategic alternatives.
Shares of Movie Gallery were down 1 cent, or 1.6 percent,
to 62 cents in Monday afternoon trading on Nasdaq.
Read more at Reuters.com Bonds News
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