"Standard & Poor's rating services changed its outlook on GCO because the company will likely be hurt in the future due to the economic downturn."
DUH! We're in a recession you idiots! Might as well change your outlook on 99% of the companies out there because most of them will be hurt by the " ECONOMIC DOWNTURN". Did these guys really go to college?
These raters really pee you off sometimes, its like they want to find anything to cause drama on a company.
Look at Bally Technologies, they were upgraded to a buy yesterday and reported way better earnings and what happened? The stock was down 9.5%.