Paramount Global's debt rating was cut to junk status by credit-rating agency S&P Global, which cited the media conglomerate's ongoing challenges with free cash flow generation relative to its debt.
As part of its ratings update, S&P issued a “stable outlook” for Paramount Global, which “reflects our expectation that leverage will decline to around 4.0X in 2024 with FOCF/debt improving ...
Paramount Global’s debt rating was cut to junk status by credit-rating agency S&P Global, which cited the media conglomerate’s ongoing challenges with free cash flow generation relative to its debt. S ...
Paramount has faced a significant financial setback as Standard & Poor’s Global Ratings slashed its debt rating to junk, spotlighting the persistent decline in broadcast and cable TV viewership. This ...
The credit rating agency made the move on “weak credit metrics,” with a stable outlook. The downgrade comes a month after Paramount was put on a negative watch by S&P Global for a possible ...
S&P Global lowered Paramount Global‘s credit rating on Wednesday to junk status and warned that more downgrades would be forthcoming unless the company “substantially improve[s] streaming losses.” ...
The credit-ratings agency S&P Global just threatened to turn Paramount Mountain into Paramount Hillock. Standard & Poor’s cut Paramount Global’s credit rating for senior unsecured debt to a “BB+,” ...
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