Skydance Credit Rating Cut By Fitch Citing Heavy Debt Load, Integration, Execution Risk

Fitch cut its debt rating on the new Skydance citing “significant execution and integration risks” and higher leverage of a merged Paramount and Warner Bros. Discovery. The deal formally closed today. The downgrade Monday evening followed a similar move by S&P Global in late September. Ratings agencies and investors are fretting about leverage as the […]

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