S&P Weighs In On Media Mega-Merger: Puts Paramount On CreditWatch Negative But Says WBD Deal Will “Materially Improve” Its Business Profile

S&P Global Ratings said it’s placed all of its ratings of Paramount Skydance on what’s called CreditWatch with negative implications, reflecting increased leverage well above the agency’s threshold if the merger with Warner Bros. Discovery goes through. That said, the agency believes the deal “will materially improve Paramount’s business profile by significantly expanding the breadth and depth of its content with marquee IP and the largest library of film and television content in the world, allowing it to ...