Moody's considers Disney ratings upgrade |
|
|
|
Published
:
Thu, 18 Jan 2007 20:42
|
NEW YORK (AFX) - Moody's Investors Service placed several of Walt Disney Co's ratings on review for possible upgrades Thursday, citing strengthening operations and strong credit.The ratings include Walt Disney Co.'s multiple seniority shelf, senior unsecured conversion/exchange bond/debendture, senior unsecured medium-term note program and senior unsecured regular bond/debenture. Each of those items has a 'A3' rating.Also on review for possible upgrade is the 'P-2' rating for senior unsecured commercial paper.ABC's 'A2' rating for senior unsecured regular bond/debenture is also under review.Disney Enterprises Inc. has 'A2' ratings for its senior unsecured medium-term note program, senior unsecured regular bond/debenture and senior unsecured shelf rating.Disney Capital Trust I, II, and III have 'Baa1' ratings for preferred stock under review.The outlook for each unit is moved to 'Under Review' from 'Stable.'The ratings under review account for about $10 billion in debt securities.Shares of Disney rose 56 cents to $35.82 on the New York Stock Exchange in afternoon trading.Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
|
|
|
|
Print this Story
Moody's considers AXA unit for upgrade 