Skydance Credit Rating Downgraded by Fitch on Massive Debt in Wake of Paramount-Warner Bros. Merger
What happened
The new Skydance’s ability to repay its massive debt following the megamerger of Paramount and Warner Bros. Discovery is being called into question by credit rating agency Fitch. Led by CEO David Ellison, Skydance opened for business Tuesday with a nearly unprecedented level of debt for a large media M&A transaction at around $80 billion. […]
Summary assembled by rule from the sources below