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Summary: News Corp. Jan 12 Product Image

Summary: News Corp. Jan 12

  • ID: 2046787
  • January 2012
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services' ratings on New York City-based News Corp. remain on CreditWatch, where they were placed with negative implications on July 18, 2011. The ongoing CreditWatch listing reflects continued uncertainty surrounding, and lack of resolution of, legal inquiries in the U.K. stemming from phone-hacking allegations. We are aware of recent confirmed news reports regarding civil settlements by the company in the U.K. We will continue monitoring and discussing with management further developments to resolve the CreditWatch; however, resolution will take longer than the typical period of review and analysis, because of the nature of the investigations. We still currently view News Corp.'s business risk profile as "strong," based on our criteria, assuming a limited business reputation fallout...

Companies mentioned in this report are: News Corp.
Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of READ MORE >

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News Corp.

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