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Fitch downgrades Paramount Skydance & Warner Bros. to BB

Fitch Ratings downgraded Paramount Skydance Corp and Warner Bros. Discovery Inc. to 'BB' from 'BB+' following the close of the Skydance-Paramount Global transaction.

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Oct 5 (Reuters) — Paramount Skydance Corp: Fitch: Downgrades Paramount Skydance & Warner Bros. To 'Bb' After Acquisition Close Source text:... com;)