Skydance Credit Rating Cut By Fitch Citing Heavy Debt Load, Integration, Execution Risk

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Fitch cut its debt rating on the new Skydance citing “significant execution and integration risks” and higher leverage of a merged Paramount and Warner Bros. Discovery. The deal formally closed today. The downgrade Monday evening followed a similar move by S&P Global in late September. Ratings agencies and investors are fretting about leverage as the […]