Moody’s eyes Paramount Global for cut

Moody’s Investors Service said it placed Paramount Global's ratings, including its Baa2 senior unsecured debt ratings and Baa3 junior subordinate debt ratings, on review for downgrade.

“The review is prompted by Paramount's high financial leverage and the risk that it will not be able to improve credit metrics to a level that is consistent with the Baa2 ratings by the end of 2025 given the combined effect of streaming losses and secular pressure on the company's linear television operations. A downgrade would likely be limited to one notch in each class of debt,” Moody’s said in a press release.

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