Aug 22, 2008

Trib slips in Fitch rating

Fitch downgrades Tribune Co. stock and sees more dark clouds on the horizon. From Chicago Business, via Romenesko:

Fitch sliced Tribune's rating two notches to "CCC" from "B-." It gave the stock a "negative" outlook, which means a decrease in the company's ratings is likely, usually at some point in the next eight to 12 months.

The ratings agency said a "CCC" rating means "default is a real possibility, and the capacity to meet financial commitments is vulnerable to deterioration in business and economic conditions."

2 comments:

Anonymous said...

how do you see dark when it is allready midnight?

Anonymous said...

^^ nice blog!! ^@^

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