Fitch Inc. assigned a "negative BBB+" rating to the $300 million in 15-year global bonds The Walt Disney Co. is selling.
The firm noted Disney's below-average credit metrics, and also pointed out that higher sports-programming costs at ABC and ESPN "may only be partially offset by better upfront pricing and higher cable-affiliate fees."
The smarter way to stay on top of the multichannel video marketplace. Sign up below.
Thank you for signing up to Multichannel News. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.