S&P Global Ratings warns Lord Rothermere’s RCHL could face credit downgrade as it seeks funding for £500m deal
The Daily Mail’s parent company has been warned it could face a credit downgrade if it loads up with debt to fund its £500m takeover of the Telegraph titles.
The US credit ratings agency S&P Global Ratings said Rothermere Continuation Holdings Ltd (RCHL) – the Jersey-based parent company of Lord Rothermere’s assets including the Daily Mail, Mail on Sunday, Metro and the i Paper – had been put on “credit watch” as it seeks to put a funding package in place to table a formal deal in the coming weeks.
