Paramount Downgraded to Junk After Warner Bros Deal [Yahoo! Finance]
Warner Bros. Discovery, Inc. - Series A (WBD)
Company Research
Source: Yahoo! Finance
This article first appeared on GuruFocus Paramount ( PSKY Financials ) was downgraded to junk status by Fitch Ratings after agreeing to acquire Warner Bros Discovery (WBD, Financials), a move expected to significantly increase leverage at the combined company. Warning! GuruFocus has detected 4 Warning Signs with PSKY. Is PSKY fairly valued? Test your thesis with our free DCF calculator. Fitch cut Paramount's corporate and long-term issuer ratings to below investment grade because of the debt load that was expected after the deal. When the acquisition is done, the amalgamated company will have around $79 billion in net debt. Paramount recently agreed to buy Warner Bros. for $110 billion. This would bring together major film studios, TV networks, and streaming services under one roof. Executives have indicated that the combination will save more than $6 billion in costs by making operations more efficient. But rating agencies have mostly looked at the higher financial risk
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WBD
Earnings
- 2/26/26 - Miss
WBD
Sec Filings
- 3/3/26 - Form 4
- 3/3/26 - Form 4
- 3/3/26 - Form 4
- WBD's page on the SEC website