S&P Global Ratings lowered Paramount’s rating to “BB+” from “BBB-” as the firm forecasts FOCF/debt will remain below 10% and that adjusted leverage will remain above 3.5x beyond 2025. “We downgraded Paramount due to the degradation of credit metrics from the accelerating declines in linear media and the shift toward a more competitive and less certain streaming model,” S&P stated.
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