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&P Global has officially downgraded Paramount Global debt to junk status at BB+, from BBB-, or one level below investment grade. The credit rating agency made the move on “weak credit metrics ...
In a surprise move, Sony Pictures is in talks to join Apollo in a joint bid to purchase Paramount Global. It sometimes seems as if the film production company landscape is one big merger, and the ...
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S&P on Wednesday said it expects Paramount Global’s free operating cash flow-to-debt will remain “well below” 10% through 2025, and that adjusted leverage (debt-to-equity ratio) will stay ...
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 ...