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GameStop Has Company’s Debt Downgraded

According to The Motley Fool, ratings agency Moody have downgraded GameStop’s debt.

Moody vice president Adam McLaren stated

“Sustained competitive threats from downloadable, streaming, and subscription gaming services, as well as the company’s ongoing transformation to improve profitability and evolve its vendor and partner relationships, elevate the company’s business and operational risk during a period of industry weakness.”

Despite this, GameStop are currently expected to reach their 2020 expectations

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