Disney Downgraded on Severe COVID-19 Hit to Park, Studio Operations
S&P Global Ratings downgraded Disney to BBB+ from A- because its theme park and studio operations “continue to be severely affected" by COVID-19. Consumers “will likely remain reluctant to immediately return to public venues” even after a vaccine is widely…
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
available, S&P said Wednesday: The company is aggressively rolling out its global direct-to-consumer streaming platforms and investing in new content, “which will depress operating and cash flow measures for the next few years.” Disney didn’t comment.