Paramount Skydance Debt Downgraded to Junk Status by Fitch Ratings Following Warner Bros. Discovery Deal [Yahoo! Finance]
Paramount Skydance Corporation - Class B (PSKY)
Company Research
Source: Yahoo! Finance
Now one of Wall Street's big credit-rating agencies has downgraded Paramount's debt to junk status and cut its issuer default ratings. Fitch Ratings downgraded Paramount Skydance's long-term issuer default rating to from “BBB-” to “BB+,” putting it into speculative-grade investment territory (aka “junk”). In addition, Fitch downgraded Paramount Skydance's senior unsecured debt from “BBB-” to “BB+” — and placed all the ratings on “Rating Watch Negative,” indicating that further downgrades may be in the offing. More from Variety Paramount's $110 Billion Warner Bros. Deal Backed by Arab Sovereign Funds Raises Soft Power Concerns What Happens to HBO After Paramount Buys Warner Bros.? LISTEN: 'Scream 7' Turns Up Volume at Box Office; Business and Politics Collide in WB Discovery Saga The downgrade on Paramount Skydance “reflects competitive pressures across the media sector and continued [free cash flow] headwinds from significant transformation costs,” Fitch Ratings said in an
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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