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Moody's: RadioShack Is Running Out of Cash

Moody’s on Tuesday issued a warning that RadioShack’s turnaround plan may never come to fruition.

The credit ratings agency said that although the struggling electronics chain should have enough liquidity to make it through the current fiscal year, it is “increasing likely” it will run out of cash by the fiscal third quarter of 2015.

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This article originally appeared on Recode.net.

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