UPDATE: S&P Cuts Zuffa's Credit Rating, Issues Negative Outlook

November 28, 2007

I have full details on S&P’s most recent report on Zuffa at Sherdog.com. The lead:

Standard & Poor’s, a leading financial services company, cut Zuffa’s credit rating in a report issued Tuesday. The downgrade from “BB” to “BB-” was the result of the company’s weaker than expected performance in the third quarter of 2007. This marked “the second consecutive quarter of operating performance that was meaningfully below [S&P’s] expectations.”

FULL STORY: S&P Cuts Zuffa’s Credit Rating, Issues Negative Outlook

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