S&P Downgrades Paramount Global, Citing Streaming Losses
Citing a weakening overall economy, a sluggish advertising market and higher than previously forecast losses in its direct-to-consumer segment, S&P said Thursday it's lowering its Paramount Global rating on senior unsecured debt from BBB to BBB-. Paramount Global didn't comment.
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.