Paramount credit downgraded to ‘junk' status over debt worries [Los Angeles Times (CA)]
Paramount Skydance Corporation - Class B (PSKY)
Company Research
Source: Los Angeles Times
Two major ratings agencies have downgraded Paramount's credit based on concerns about the debt the David Ellison company will have to shoulder — at least $79 billion — once it absorbs the larger Warner Bros. Discovery, bringing CNN, HBO, TBS and Cartoon Network into the Paramount fold. Fitch Ratings said Monday that it placed Paramount on its “negative” ratings watch, and downgraded its credit to BB+ from BBB-, which puts the company's credit into “junk” territory. Fitch said it took action due to “uncertainty” surrounding Paramount's $110-billion deal for Warner Bros. Discovery, which the boards of both companies approved on Friday. S&P Global Ratings took similar action. To finance the Warner takeover Ellison's billionaire father, Larry Ellison , has agreed to guarantee the $45.7 billion in equity needed. Bank of America, Citibank and Apollo Global have agreed to provide Paramount with more than $54 billion in debt financing. “Potential credit risks include the prospective
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News
- Winners And Losers Of Q4: Paramount (NASDAQ:PSKY) Vs The Rest Of The Consumer Discretionary - Broadcasting Stocks [Yahoo! Finance]Yahoo! Finance
- Don Lemon tells Paramount to 'take your hands off' CBS, CNN newsrooms [USA TODAY]USA TODAY
- David Ellison won Warner Bros. Now he has to prove Paramount can beat Netflix at its own game. [Business Insider]Business Insider
- Paramount's Ellison vows CNN editorial independence [Yahoo! Finance]Yahoo! Finance
- 'CBS Mornings' executive producer announces exit with candid memo to colleagues [FOX News]FOX News
PSKY
Earnings
- 2/25/26 - Miss
PSKY
Sec Filings
- 3/4/26 - Form 4
- 3/3/26 - Form 4
- 3/3/26 - Form 4
- PSKY's page on the SEC website