Fitch Downgrades Paramount Global's Rating to BB From BB+ Citing Debt Load
Fitch Ratings downgraded Paramount Global's long-term issuer default rating to BB from BB+, citing the debt the company is taking on as part of its acquisition of Warner Bros. Discovery.
Fitch Ratings lowered Paramount Skydance's long-term issuer default rating to BB from BB+, citing the debt the company is taking on as part of its acquisition of Warner Bros. Discovery. The ratings agency announced the downgrade on Monday, a day ahead of the $81 billion acquisit…