Moody's keeps stable view for Disney

Moody's Investors Service said that Walt Disney Co.'s outlook remains stable, but the announcement that James Rasulo will replace Thomas Staggs as the company's chief financial officer raises mild concern regarding the potential for a diverging view from the company's present financial credit profile toward a new and different direction.

The agency believes Rasulo will provide new depth from an operational standpoint given his significant operational role as head of the important global theme park division, but Moody's said it remains cautious given his apparent lack of experience in a significant financial role and uncertainty surrounding the financial policies he will recommend to the board and senior management.

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