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California and the West | IN BRIEF / ENTERTAINMENT

S&P raises Disney's credit outlook to positive

January 11, 2007|From Bloomberg News

Walt Disney Co. had its credit outlook raised to positive from stable by Standard & Poor's, suggesting the debt grader might raise its rating on the entertainment giant's bonds.

S&P cited improvements in Disney's film and broadcast businesses as well as an expectation of fewer buybacks of Disney stock.

S&P left the long-term credit rating of Burbank-based Disney at A-.

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