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Paramount's Credit Rating Downgraded Following Warner Bros. Merger

Updated 2026-05-20 17:50 UTC 1 source Negative

S&P Global Ratings has downgraded Paramount Skydance’s credit rating further following its megadeal for Warner Bros. Discovery, citing major ongoing uncertainties.

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Variety

Paramount’s Junk-Status Credit Rating to Be Downgraded Further Following Warner Bros. Merger to Reflect ‘Major Ongoing Uncertainties,’ S&P Global Says

S&P Global Ratings already has placed Paramount Skydance’s credit rating in junk-status territory — indicating that the media conglomerate’s debt securities are considered speculative-grade. But if and when Paramount completes its megadeal for Warner Bros. Discovery, the credit

2026-05-20 17:40 UTC