24th Apr 2009 10:28
RNS Number : 1151R
Daily Mail & General Trust PLC
24 April 2009
24 April 2009
Daily Mail and General Trust plc ('DMGT')
Standard & Poor's announcement
DMGT notes the Standard & Poor's announcement yesterday evening that it has reduced the rating on DMGT's bond issues to BB+. This change has no impact on any of DMGT's financing arrangements, as described in its trading update and Investor Day presentation on 23 March 2009. In particular, DMGT confirmed that it expects to meet any covenants it has on facilities for the foreseeable future, and expects no need to refinance any facilities within the next 2 years at least.
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