Paramount Global's debt rating was cut to junk status by credit-rating agency S&P Global, which cited the media conglomerate's ongoing challenges with free cash flow generation relative to its debt.
An almost fully occupied 48-story Midtown office tower at 1633 Broadway houses top money managers, law firms and media outfits. Even so, the Class A building’s cash flow is falling and on Monday ...
In a surprise move, Sony Pictures is in talks to join Apollo in a joint bid to purchase Paramount Global. It sometimes seems as if the film production company landscape is one big merger, and the ...
(Bloomberg) -- Just a few months ago, life as a Paramount Global bondholder was pretty good. Most Read from Bloomberg Iran’s Attack on Israel Sparks Race to Avert a Full-Blown War Israel Versus ...
Paramount Office of the CEO: George Cheeks, Chris McCarthy and Brian Robbins, with Non-Executive Chairwoman Shari Redstone (Chris Smith/TheWrap) What the hell is going on with Paramount?
Moody’s Ratings has downgraded the debt of CI Financial, the Toronto-based asset and wealth manager that spun out its U.S. wealth management business into a sister company, Corient, earlier this ...
Fitch Ratings has cut its long-term issuer default ratings for New York Community Bancorp Inc. deeper into junk territory but said the bank’s downside risks have stabilized. Fitch now rates NYCB ...
As part of its ratings update, S&P issued a “stable outlook” for Paramount Global, which “reflects our expectation that leverage will decline to around 4.0X in 2024 with FOCF/debt improving ...
Paramount Global’s debt rating was cut to junk status by credit-rating agency S&P Global, which cited the media conglomerate’s ongoing challenges with free cash flow generation relative to its debt. S ...