Expert Analyses of the following article:
CREDIT Circuit City Loses Recommendation
Source: www.washingtonpost.com
October 13, 2008Loss of Credit Rating Adds to a Very Risky Situation for Suppliers
Author: David Workman, Executive Director, PRO Buying Group
Vendors will continue to support Circuit until at least the first part of December Companies will watch carefully the weekly trends over the next 45 days Vendors can easily create a "run on the bank" if one or two large suppliers change their terms significantly
October 9, 2008Is This The End of Circuit City?
Author: Cathy Stauffer, Founder, Cathy Stauffer Consulting
Credit managers are extremely nervous right now about many things outside of their control. One thing they can control is limiting their risk. Making the decision to cut off, or fatally limit, the credit of a long standing and large customer like Circuit City may be a hard decision to make, but with this change in recommendation by credit rating firm Bernard Sands, it just got much ea...
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