Reported about 1 year ago
Moody's Ratings has put Paramount Global's credit rating on review for a possible downgrade to junk status following the company's agreement to sell to Skydance Media. Paramount faces challenges transitioning its content distribution to direct-to-consumer, with Moody's highlighting the need for streaming revenues to double to match linear revenues. This potential downgrade comes after S&P Global Ratings downgraded Paramount to junk in March, citing the decline of linear television and investments in streaming. If downgraded, Paramount would be excluded from high-grade indexes.
Source: YAHOO