Fitch rates Disney notes A

Fitch Ratings said it assigned an A rating to Walt Disney Co.'s $500 million 10-year 5½% senior unsecured note offering.

The outlook is stable.

Ratings reflect the company's leading market positions in core businesses, unique brand franchises and strong cash flows, Fitch said.

Ratings also reflect concerns about the cyclical volatility of its theme parks and resorts, and studio and broadcast network businesses, the agency noted.

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