Fitch May Cut Disney Rating

Cable World, Sept 3, 2001

The Walt Disney Co. may see a dip in its debt ratings. Credit rating agency Fitch said it will likely cut Disney's debt ratings due to the added debt load Disney is taking on to buy Fox Family Worldwide from News Corp. The agency said it expects to cut the rating assigned to Disney's senior unsecured debt to "A-minus," its seventh-highest rating, from "A" and also to cut its rating on Disney's short-term debt by one notch.

The downgrades may raise Disney's corporate borrowing costs.

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