Moody’s revises Viacom to negative

Moody's Investors Service said it revised Viacom Inc.'s outlook to negative from stable.

The outlook change follows the company's weaker-than-expected earnings announcement and ongoing operational challenges, as a result of which the agency expects adjusted debt-to-EBITDA to remain elevated and above its sustained leverage downgrade threshold over the near-term unless more aggressive financial management occurs.

Moody's concurrently affirmed Viacom's Baa2 senior unsecured long-term debt rating and Prime-2 commercial paper rating.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.