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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

FOUND: Daily mail s parent company on credit watch over telegraph takeover | Mind Blowing Facts

Daily Mail DMGT SP
The mastheads of the Daily Mail and Daily Telegraph newspapers
Lord Rothermere’s Daily Mail and General Trust (DMGT) has announced a £500m deal to buy the Telegraph titles. Photograph: Yui Mok/PA

The Daily Mail’s parent company has been warned it could face a credit downgrade if it loads up with debt to fund its £500m takeover of the Telegraph titles.

The US credit ratings agency S&P Global Ratings said Rothermere Continuation Holdings Ltd (RCHL) – the Jersey-based parent company of Lord Rothermere’s assets including the Daily Mail, Mail on Sunday, Metro and the i Paper – had been put on “credit watch” as it seeks to put a funding package in place to table a formal deal in the coming weeks.

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