TEXT-S&P says Walt Disney rtgs unaffected by refinance plan announcement

Sept 19 - Standard & Poor's Ratings Services said today that its ratings ('A' long-term rating with a stable outlook, and short-term rating of 'A-1') on The Walt Disney Co. (Disney) are unaffected by the company's plan to refinance its Euro Disney group's outstanding debt and replace it with a new financing. We believe Disney is providing this refinancing to create greater operational flexibility for Euro Disney by removing restrictive covenants that prevented capital expenditures. In addition,