Published 1 month ago

S&P cuts Paramount Global’s credit rating to ‘BB+’ on streaming challenges

Summary by Ground News

Paramount Global's credit rating has been lowered to junk status. S&P Global cited the toll of ongoing pay-TV declines as a key factor in its downgrade. The news comes as speculation continues to swirl about the future of Paramount. Its controlling shareholder, Shari Redstone's National Amusements, has fielded multiple offers and expressions of interest in some or all of the company.

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Variety

Paramount Global’s Debt Rating Downgraded to Junk by S&P

Paramount Global's debt rating was cut to junk status by credit-rating agency S&P Global.

1 month ago·Los Angeles, United States

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Deadline

Paramount Global Credit Rating Cut To Junk Status By S&P Due To “Downside Ratings Pressure” In Its TV Business

Paramount Global’s credit rating has been lowered to junk status by S&P Global, which cited the toll of ongoing pay-TV declines as a key factor in its downgrade. The credit ratings agency lowered Paramount’s rating to BB+ from BBB-. S&P cited the “degradation of credit metrics from the accelerating declines in linear media and the […]

1 month ago·Los Angeles, United States

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WTVB

S&P cuts Paramount Global’s credit rating to ‘BB+’ on streaming challenges

(Reuters) – Ratings agency S&P lowered Paramount Global’s credit rating to ‘BB+’ from ‘BBB-‘ on Wednesday as stiff competition in the streaming landscape pressures the media giant’s free operating cash flow (FOCF) generation. S&P had placed Paramount on negative watch in February, pending the company’s fourth-quarter results. Later that month, Paramount’s revenue for the quarter fell short of market expectations, hurt by a soft advertising m…

1 month ago

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The Hollywood Reporter

Paramount Global Debt Cut to Junk Status by S&P Global

S&P Global lowered its credit rating for Paramount to BB+, one level below investment grade, over concerns for cash flows and downside ratings pressure.

1 month ago·Los Angeles, United States

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IndieWire

Even Paramount’s Debt Rating Is Now ‘Junk’

The credit-ratings agency S&P Global just caused an avalanche on Paramount Mountain. Standard & Poor’s cut Paramount Global’s credit rating for senior unsecured debt to a “BB+,” down from a “BBB-.” Talk about “poor.” Paramount’s credit rating, which will carry through 2025, is now in what the agency considers “junk” status. (S&P Global considers any rating lower than “BBB” to be junk grade and a “high risk.”) In its Wednesday report (obtained by…

1 month ago·Los Angeles, United States

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