Fairfax credit rating downgraded

25 May 2009

Fairfax Media, Australasia’s largest integrated metropolitan, rural and regional, print and online digital media company, has had its credit rating downgraded by Standard & Poor because of concerns over a “lack of visibility” in the recovery of earnings.

Fairfax’s credit rating was revised from BBB- to BB+, thus removing its “investment grade”

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Brian Blum

Brian Blum covers the U.S., Canada and Israel for Classified Intelligence Report, and contributes to our special reports and research projects. Originally from San Francisco and now based in Jerusalem, he has been with the AIM Group since 2004. He is the president of Blum Interactive Media, specializing in writing and multimedia content development for online, print, video and audio. His clients include newspapers, universities and non-profits. He is currently working on a book about the billion-dollar bankruptcy of a once high-flying Israeli startup.