Business Services Industry
Village stock discounted on possible downgrade.
Australasian Business Intelligence, February, 2003
Feb 13, 2003 (The Courier-Mail - ABIX via COMTEX)
Moody's Investors Service has placed Australian entertainment giant Village Roadshow on review for a possible downgrade. Moody's has placed Village Roadshow's "Ba2" and "Ba3" sub-debt rating on review for a possible downgrade due to Village Roadshow's increased investment in film production. News of the possible downgrade sent shares in the company falling $A0.07 or 5.5 per cent to $A1.21 on 13 February 2003.
Publication Date: 14 February 2003
VILLAGE ROADSHOW LIMITED - ASX VRL:
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