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  Consumer Credit Templates

Climb to the top of the priority list. Everyone that seeks to deal with debt collectors or credit bureaus should be armed with this template package. This collection of letter and fax templates is a powerful means to dealing with all three credit bureaus and debt collectors
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HOME :: RESEARCH :: DEBT :: NEWS:: JUL 2007

New York Times Co. debt rating is cut to BBB

New York Times Co.'s debt rating was cut one level to BBB, the second-lowest investment grade, by Standard & Poor's, which cited falling advertising sales and the broader newspaper industry decline. The short-term corporate credit and commercial paper ratings for the New York publisher were also lowered, S&P said. Total advertising revenue fell 8.5 percent to $157.3 million from a year earlier, and newspaper ad sales dropped 9.9 percent. Publishers, including New York Times Co., owner of the namesake newspaper and The Boston Globe, have been hurt by the loss of advertisers to the Internet. Catherine Mathis, a spokeswoman for the Times Co., didn't immediately respond to a phone call seeking comment.

read entire article on Boston.com

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