S&P Global Will Lower Paramount’s Credit Rating Even More After Warner Bros. Merger

The Wrap
By Lucas ManfrediMay 20, 2026, 3:46 pm45 pts
After previously downgrading Paramount’s credit rating to junk status, S&P Global says it will take it down another notch following the closing of its pending $110 billion merger with Warner Bros. Discovery. “We will lower the issuer credit rating on PSKY to ‘BB’ when its acquisition of WBD closes,…

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