Paramount credit ratings downgraded by Fitch after Warner Bros deal - Reuters
Paramount credit ratings downgraded by Fitch after Warner Bros deal Reuters
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Notable Quotes
"Fitch views PSKY’s proposed acquisition of WBD as highly complex, reflecting the scale of required financing and limited transparency on the pro forma capital structure."
— David Zaslav , Executive
"The downgrade reflects competitive pressures across the media sector and pressure on free cash flow from transformation costs."
— Fitch Ratings , Other
Key People
David Zaslav is the CEO of Warner Bros. Discovery.
Fitch Ratings is a global leader in credit ratings and research.
Paramount Skydance Corp. is a film and television company involved in media operations.
Warner Bros. Discovery Inc. is a major media and entertainment company.
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<a href="https://news.google.com/rss/articles/CBMixAFBVV95cUxNVHNMRGxxOEZKQ0pBNWtMd3VQNkUyREtqZF9tWGhWS25qTks0SHNiZWVocHZqMkh4YWtFb2NxeUV4LWRMUTY1OVV5REZhbUlGSkpMa3hlWUdIWW5HVzFCdS1hbG1VZTRvNnB5dnhTSXZ3LXFzQWlOSTdDQXQxY1JKYWozbkRTX1dWX0ZCM3dZbnVlSnpMTzFGdU1GTWZwQjI1NmpvSDkzU19DaEpJcFZ3elZGNEk4Ty1yeWpreWIzVm1OZ1VF?oc=5" target="_blank">Paramount credit ratings downgraded by Fitch after Warner Bros deal</a> <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.
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