Paramount Skydance Debt Downgraded to Junk Status by Fitch Ratings Following Warner Bros. Discovery Deal
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With its mammoth deal for Warner Bros. Discovery, Paramount Skydance is set to amass a ton of new debt and it faces a number of other financial risks. Now one of Wall Street’s big credit-rating agencies has downgraded Paramount’s debt to junk status and cut its issuer default ratings. Fitch Ratings downgraded Paramount Skydance’s long-term […]