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Disney Credit Rating Downgraded Over Theme Park Uncertainty Amid COVID-19

covid-19 economy crisis Coronavirus
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www.hollywoodreporter.com
hollywoodreporter.com:

S&P Global Ratings on Thursday downgraded Walt Disney Co.'s credit rating over concerns the coronavirus crisis will slow any reopening of the studio's shuttered theme parks and studio production. "Continued government-imposed social distancing and, longer term, consumer concerns about attending public events will likely retard theme park attendance," the credit agency wrote in an April 23 note as it trimmed Disney's rating to an A-minus from A. "We believe that Disney's theme parks could recover more slowly than the overall global economy," the credit rating agency additionally forecast.

The Disneyland Resort and the Walt Disney World Resort are closed indefinitely amid the COVID-19 crisis after shuttering on March 14.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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