Fitch Downgrades Disney Debt (http://story.news.yahoo.com/news?tmpl=story&u=/ap/20020826/ap_on_bi_ge/disney_credit_rating_2)- AP, 8/26/02

QuikQuote: Credit-rating agency Fitch Inc. downgraded Walt Disney Co.'s debt Monday, citing poor cash flow and heavy debt.

Fitch lowered Disney's senior unsecured debt of about $14 billion to triple-B-plus from single-A-minus.

Longer version of the Fitch story:

http://news.ft.com/servlet/ContentServer?pagename=FT.com/StoryFT/FullStory&c=StoryFT&cid=1028186030152&p=1012571727085