Disney looks forward to improved credit profile
by Richard Bravo The rating agencies are softening their stance on the once troubled firm
The Walt Disney Company, which suffered significant credit and spread deterioration after the September 11 terrorist attacks badly affected its tourism-reliant business, appears to be on the cusp of strengthening its weakened credit profile.
As recently as October 2001, Disney’s corporate credit rating from Standard & Poor’s stood at A. Subsequently the company was downgraded to BBB+, but early last December, S&P affirmed Disney’s BBB+ rating and removed the company from
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