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.
"We believe that Disney's theme parks could recover more slowly than the overall global economy," S&P Global Ratings said.
"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 A-minus from A.
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