Savile Scandal Affects Bbc's Credit

The child-abuse scandal involving former BBC host Jimmy Savile has now impacted the public broadcaster's credit ratings. As reported by today's (Monday) London Financial Times, Moody's Investors Services has downgraded the broadcaster's mortgage bonds where it is the sole tenant. Moody's also cited the BBC's ongoing challenge to provide high-quality programming in the wake of cutbacks and uncertainty over the renewal of the BBC's license fee in 2016. The BBC quickly responded, saying that it disagreed with Moody's assessment and noting that it was likely triggered by the overall downgrade of the U.K. last week, which called into question the country's austerity measures and sluggish economy. The Savile related events of recent months have had no significant impact on the BBC's finances this year and are not anticipated to in the future, it said.



Contactmusic
Advertisement

Editors Recommendations

Jason Momoa's 'Game Of Thrones' Audition Tape Goes Viral [Video]

At this point, almost everyone has wondered what it takes to get in to Emmy...

Jason Momoa's 'Game Of Thrones' Audition Tape Goes Viral [Video]

Fall Out Boy - Centuries Video

'Centuries' is the lead single from Fall Out Boy's upcoming, and as of yet untitled, sixth studio album. The single was...

Fall Out Boy - Centuries (Official Video) Video

George Lucas Rips Into Hollywood Studios, "They Didn't Know Anything"

George Lucas says he still believes studios are the biggest problem in the...

George Lucas Rips Into Hollywood Studios,

Brad Pitt: 'War is Hell'

With the recent news that 'Fury' has topped the box-office over the course of it's opening weekend, Brad Pitt - the film's star...

Brad Pitt: 'War is Hell'

Top Five - Trailer

Andre Allen has been voted the Funniest Man in America in his illustrious career as a stand-up comedian. But somehow...

Top Five Trailer

Royal Baby Due In April 2015! Palace Confirm Due Date For William and Kate’s Second Child

William and Kate, the Duke and Duchess of Cambridge, are expecting their...

Royal Baby Due In April 2015! Palace Confirm Due Date For William and Kate’s Second Child

By The Gun - Trailer

Nick Tortano has always felt under pressure to do well in his life, no matter what that takes. He's constantly been the...

By The Gun Trailer

Box Office Report: "Fury" Storms In To Knock "Gone Girl" Off The Throne

Ok, it’s time to talk box office stats again. Unlike the past 2 weeks, however...

Box Office Report:

Taylor Swift Blasts Critics Who Take "Sexist Angle" Against Her Music

As well as being one of the music industry's most successful young stars...

Taylor Swift Blasts Critics Who Take
Advertisement

Comments

Newsletter

Subscribe to this news alert service to receive news and reviews on

Unsubscribe | Unsubscribe All