DAILY MAIL BONDS

The bonds of Daily Mail (DMGT, which also publishes Metro and The New Scientist) are currently trading at 87p in the pound.

'Such a discount typically reflects a degree of concern among investors that a debt may not ultimately be repaid in full... 

'This month the credit ratings agency Fitch revised the outlook on DMGT's bonds to negative, warning that the deteriorating economic environment means it would take the publisher longer to reduce its overall debt burden.'

Daily Mail publisher under pressure over credit rating