Paramount Global Debt Cut to Junk Status by S&P Global - Hollywood Reporter

The credit rating for the studio is lowered to BB+, one level below investment grade, over concerns for weak cash flows and "downside ratings pressure" as the studio pivots from linear TV to streaming.

By: Hollywood Reporter

Mar 29 2024
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S&P Global has officially downgraded Paramount Global debt to junk status at BB+, from BBB-, or one level below investment grade. The credit rating agency made the move on “weak credit metrics,”… [+1861 chars]

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