Paramount credit ratings downgraded by Fitch after Warner Bros deal - Reuters

<a href="https://news.google.com/rss/articles/CBMixAFBVV95cUxNVHNMRGxxOEZKQ0pBNWtMd3VQNkUyREtqZF9tWGhWS25qTks0SHNiZWVocHZqMkh4YWtFb2NxeUV4LWRMUTY1OVV5REZhbUlGSkpMa3hlWUdIWW5HVzFCdS1hbG1VZTRvNnB5dnhTSXZ3LXFzQWlOSTdDQXQxY1JKYWozbkRTX1dWX0ZCM3dZbnVlSnpMTzFGdU1GTWZwQjI1NmpvSDkzU19DaEpJcFZ3elZGNEk4Ty1yeWpreWIzVm1OZ1VF?oc=5" target="_blank">Paramount credit ratings downgraded by Fitch after Warner Bros deal</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

Fitch Ratings downgraded Paramount Skydance Corp.’s corporate and long-term borrower ratings to junk following the media company’s agreement to buy larger rival Warner Bros. Discovery Inc., a deal that will saddle the combined business with $79 billion in net debt.

Fitch Ratings downgraded Paramount Skydance Corp and Paramount Global’s credit rating to junk status, citing uncertainty over its planned takeover of Warner Bros Discovery Inc. The downgrade reflects competitive pressures and concerns over the debt-funded nature of the deal.

Fitch Ratings downgraded Paramount Skydance and Paramount Global's ratings to junk status following the media company's proposed acquisition of Warner Bros Discovery. The downgrade reflects concerns over elevated leverage and limited visibility on post-transaction financial policy.

Fitch Ratings downgraded Paramount's credit rating to junk (BB+) after its $110 billion merger with Warner Bros. Discovery, citing unsustainable $79-80 billion net debt and 7x+ leverage ratios. The downgrade may force asset sales and cost cuts to reduce leverage below 4.5x.

Fitch Ratings downgraded Paramount's debt to junk status and placed it on negative credit watch due to uncertainties surrounding its $110 billion merger with Warner Bros. Discovery, citing concerns over elevated leverage and limited visibility on post-transaction financial policy.