News Corp.’s Print Loss Is Bondholders’ Gain

News Corp.’s Print Loss Is Bondholders’ Gain

Scott Eells/Bloomberg

Even “the most adverse scenario” for bondholders, under which all the company’s debt remains at News Corp. with the spun-off publishing arm receiving $1 billion to $2 billion of cash, won’t endanger the company’s Baa1 credit rating, Moody’s analyst Neil Begley wrote yesterday in a report.