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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

Daily Mail’s parent company on ‘credit watch’ over Telegraph takeover

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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