S&p says disney ratings lowered to 'a-' amid continued uncertainty over business reopenings and deleveraging on watch negative

S&p says disney ratings lowered to 'a-' amid continued uncertainty over business reopenings and deleveraging; on watch negative.s&p says disney's theme parks won't likely return to normal capacity utilization at the same rate as the overall economy.s&p says expect disney's adjusted leverage to climb well above 3.0x for the next two years and only decline below 3.0x during fiscal 2022.s&p says will closely watch what happens when disney reopens asian theme parks, which we expect could happen sooner than reopening of u.s. properties.s&p says lowering issuer credit & issue-level ratings on disney to 'a-' from 'a'; lowering short-term & commercial paper ratings to 'a-2' from 'a-1'.
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