Disney’s Credit Rating May Be Cut by S
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Walt Disney Co. may have its long-term credit rating cut by Standard & Poor’s after Disney lowered its forecast for profit growth.
S&P; said it might lower Disney’s rating because it expected the Burbank company to generate lower earnings growth and to pay back debt more slowly than expected.
Disney said it would report more moderate growth this year than previously forecast because of war’s effects on tourism at its Florida theme parks and hotels.
Disney shares rose 17 cents to $17.14 on the NYSE.
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