Paramount World Debt Ranking Downgraded to Junk by S&P World
Paramount World‘s debt ranking was minimize to junk standing by credit-rating company S&P World, which cited the media conglomerate’s ongoing challenges with free money stream era relative to its debt. S&P on Wednesday mentioned it expects Paramount World’s free working money flow-to-debt will stay “nicely beneath” 10% by 2025, and that adjusted leverage (debt-to-equity ratio)
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