Fair go, Fairfax - Don't discount journalism - Negative credit rating outlook

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Negative credit rating outlook

Friday, 06 February 2009

FAIRFAX Media received another blow yesterday with Standard and Poor's revising its credit outlook for the under-siege company on the basis of falling advertising revenue. The credit rating agency affirmed its BBB- ratings on Fairfax. But its outlook on the BBB- long-term corporate credit rating had changed to negative, from stable, meaning it was more likely to go down than up. Fairfax closed yesterday at $1.11, down 8.5¢. Read more

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