raidermatt
Be water, my friend.
- Joined
- Sep 26, 2000
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This is from CBS Marketwatch yesterday (that's why it says DIS shares are flat...they were actually up a bit today).
As I understand it, in a nutshell, Disney is issuing these bonds in an attempt to retire other debt that currently carries higher rates.
As I understand it, in a nutshell, Disney is issuing these bonds in an attempt to retire other debt that currently carries higher rates.
Fitch rates Walt Disney notes at 'BBB+' (DIS) By Michael Baron
Fitch Ratings is saying it has assigned a 'BBB+' rating to Walt Disney's (DIS) $1.15 billion worth of 2.125 percent senior convertible debentures maturing on April 15, 2023. The agency said its rating outlook for the notes is negative, "reflecting the company's weak credit metrics for the 'BBB+' rating category balanced by management's objective of strengthening the company's credit profile." Disney shares are flat at $17.13