Moody's drops Disney's debt ratings slightly

Posted | Contributed by Jeff

For the first time in five years, investor service Moody's drops the company's ratings. These ratings affect the costs associated with borrowing money. Analysts predict it will have little impact on Disney's bottom line.

Read more from The Orlando Sentinel.

Don't know what that means, but, okay.

Poor Disney it is really taking a beating lately. It is a solid company but was trading (when it was at 30) about 100 times earnings but right now is fairly priced. Disney should get a good rebound and attendance at the parks should increase because of the 100th anniversary, the new park in Paris and the addition of ToT at DCA(if it comes in 2002). I would say it is a pretty deceit buy right now.

You must be logged in to post