Paramount Global's credit rating was downgraded to 'BB+' by Standard & Poor's Global Ratings, marking a shift to junk status with a stable outlook. The downgrade reflects concerns over weak credit metrics and continued decline in the company's broadcast and cable TV business. S&P cited the downside ratings pressure in Paramount's TV business as a key factor for the downgrade. Additionally, the downgrade could potentially be seen as a positive for mergers and acquisitions (M&A), according to Wells Fargo. This move by S&P has sparked discussions regarding Paramount's need to address streaming losses to improve its financial standing.
S&P cuts Paramount Global's credit rating to 'BB+' on streaming challenges https://t.co/52MN6OMuRc https://t.co/s9ZGPtOLJw
Even Paramount’s Debt Rating Is Now ‘Junk’ https://t.co/9VnH6Wc9FS
Paramount Global Credit Rating Downgraded to Junk Status by S&P, Warned to Improve Streaming Losses https://t.co/ehECyvKbu9
Paramount Global Debt Cut to Junk Status by S&P Global https://t.co/d0KCw4JHFz
Paramount Global’s Debt Rating Downgraded to Junk by S&P Global https://t.co/lm6m4SiwTQ via @variety
Paramount Global's Debt Rating Downgraded to Junk by S&P Global https://t.co/VffQDOISg4
Paramount Global Credit Rating Cut To Junk Status By S&P Due To "Downside Ratings Pressure" In Its TV Business https://t.co/7sSM794TEr
S&P Global Cuts Paramount Credit Rating Into Junk Territory https://t.co/tjHgbgIPf8
Paramount Global $PARA PARA: Debt Downgrade Could Be M&A Positive -- Well Fargo
Paramount’s debt rating was cut to junk by Standard & Poor’s Global Ratings, which cited the continued decline in broadcast and cable TV https://t.co/E6aDk7jpNH
$PARA | Paramount Global Downgraded To 'BB+' On Weak Credit Metrics; Outlook Stable - S&P https://t.co/AaupzX8HdZ
$PARA PARAMOUNT GLOBAL CUT TO JUNK BY S&P