A second downgrade could hit Paramount’s bond prices further. — Bloomberg
LOS ANGELES: Paramount Global could get cut by Moody’s Ratings to “junk” by the end of the year, after negotiations to potentially sell the company to Skydance Media fell through, research firm CreditSights says in a note.
Skydance had planned to pay down some of Paramount’s debt, making a potential deal a positive for bondholders.
