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-0.00121310149615841 -0.00283057015770321 0.000808734330772324 -0.00485240598463409 -0.00404367165386162 0.000404367165386234 0.00566114031540641 0.00808734330772338
Stock impact report

S&P Puts Paramount on Negative Credit Watch [Yahoo! Finance]

Paramount Skydance Corporation - Class B (PSKY) 
Company Research Source: Yahoo! Finance
Paramount Skydance has been put on a watch by S&P Global for a possible credit rating downgrade after the studio prevailed against Netflix with a $31 per share bid to merge with Warner Bros. Discovery. The ratings firm has revised its outlook for Paramount to negative, while affirming its BB+ credit rating, on grounds Paramount will see its debt load likely grow beyond a red line for a possible downgrade. “While the company has yet to provide complete details around how it will finance the transaction, which we estimate will cost $111 billion (including the assumption of WBD's debt and a one-time $2.8 billion termination payment to Netflix), we believe the purchase will increase its leverage well above our 4.25x downgrade threshold for the current rating,” S&P said in a statement on Tuesday. More from The Hollywood Reporter Europe Won't Kill the Paramount-Warner Bros. Deal - but It Could Make David Ellison Wait More Than a Quarter of HBO Max Subscribers in the U.S. Already Ha Show less Read more
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