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http://www.hollywoodreporter.com/business/business-news/paramount-global-debt-cut-1235861526/
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Paramount Global Debt Cut to Junk Status by S&P Global - Hollywood Reporter
3/27/24 at 8:41pm
Organization
Hollywood Reporter
Author
Etan Vlessing
Details
47 words
Summarize
Business & Industrial
Finance
Global Debt Cut to Junk Status
S&P Global
downside ratings pressure
studio pivots
The credit rating for the studio is lowered to BB+, one level below investment grade, over concerns for weak cash flows and "downside ratings pressure" as the studio pivots from linear TV to streaming.
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