General Market Talk

[Zephyrs]

Best buy credit rating dropped to BBB which has resulted in the stock price drop on Wed

http://www.reuters.com/article/hotStocks...5S20081119

Last week, the No. 1 U.S. electronics chain slashed its profit forecast, citing "seismic changes" in consumer behavior amid a deepening economic crisis. The company said its sales at stores open at least 14 months fell about 7.6 percent in October after declining 1.3 percent in September.

Best Buy "will be more challenged than previously expected by the current weak economic environment in the U.S.," S&P Ratings Services said.