Luv2Roam
DIS Legend
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- Jun 3, 2000
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On the heels of Friday's warning that Standard & Poor's may cut Walt Disney Co.'s (NYSE: DIS) credit rating, Moody's Investors Service says it may do the same.
Last week, Disney cautioned that fourth-quarter profits may falter, in large part because of continuing poor attendance at theme parks, including Orlando's Walt Disney World resorts.
Like Standard and Poor's, Moody's is concerned about theme park operations, as well as Disney's $15 billion debt load.
Moody's may cut Disney's "A3" long-term debt rating, its fourth lowest investment grade, and the "A2" ratings of Disney Enterprises and ABC Inc. Moody's did reaffirm Disney's short-term credit rating.
S&P rates Disney's long- and short-term debt "A-minus" and "A-2," which is roughly equal to Moody's ratings.
Last week, Disney cautioned that fourth-quarter profits may falter, in large part because of continuing poor attendance at theme parks, including Orlando's Walt Disney World resorts.
Like Standard and Poor's, Moody's is concerned about theme park operations, as well as Disney's $15 billion debt load.
Moody's may cut Disney's "A3" long-term debt rating, its fourth lowest investment grade, and the "A2" ratings of Disney Enterprises and ABC Inc. Moody's did reaffirm Disney's short-term credit rating.
S&P rates Disney's long- and short-term debt "A-minus" and "A-2," which is roughly equal to Moody's ratings.
