Paramount Global Debt Cut to Junk Status by S&P Global

Paramount Global Debt Cut to Junk Status by S&P Global

Paramount Picture

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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,” with a stable outlook. The downgrade comes a month after Paramount was put on a negative watch by S&P Global for a possible credit rating downgrade over weaker cash flow concerns as the major studio pivots from linear TV to the…

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29 March 2024

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