STOCKS NEWS EUROPE-Euro Disney sinks on debt doubts

Shares in Euro Disney (EDLP.PA) sink 13 percent -- the stock's biggest plunge in nearly two years -- after the French resort operator says it will delay subordinated debt repayments of up to 45 million euros ($67.49 million), as it misses targets for fiscal 2009.

"It's never a good sign," says Kepler analyst Catherine Rolland. "It means they think they don't have enough cash to repay the debt."

After 45 minutes of trading, the volume on Euro Disney shares already represents 155 percent of the stock's 90-day average daily volume.

For more on Euro Disney, click on: [ID:nPreABYMfr]

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