Skydance Credit Rating Cut By Fitch Citing Heavy Debt Load, Integration, Execution Risk
deadline.com ·
Fitch has 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 Tuesday. The downgrade Monday evening followed a similar move by S&P Global in late September. Ratings agencies and investors are fretting about leverage as […]
Fitch has 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 Tuesday. The downgrade Monday evening followed a similar move by S&P Global in late September. Ratings agencies and investors are fretting about leverage as […]