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Paramount Skydance Debt Downgraded by Fitch After Warner Bros. Discovery Deal

BY MT Newswires | CORPORATE | 04:46 AM EST

04:46 AM EST, 03/03/2026 (MT Newswires) -- Paramount Skydance (PSKY) corporate and long-term borrowing rates were downgraded to junk status Monday by Fitch Ratings following its agreement to deal to buy Warner Bros. Discovery (WBD) .

Fitch lowered the company's short-term and long-term issuer default ratings and its senior unsecured debt, and placed all the ratings on rating watch negative status.

Fitch said the downgrading "reflects competitive pressures across the media sector" as well as merger costs.

The ratings agency also cited "uncertainty related to the proposed acquisition" as well as "reliance on a $58 billion debt commitment" to fund the acquisition.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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