All articles tagged with #debt downgrade
Originally Published 2 months ago — by Bloomberg.com
S&P Global Ratings downgraded France to A+ from AA- due to elevated budget uncertainty and political instability, potentially impacting bond markets and reflecting ongoing fiscal and political challenges amid a fragile government and economic concerns.
Originally Published 1 year ago — by Hollywood Reporter
S&P Global has downgraded Paramount Global's debt to junk status at BB+ due to weak credit metrics, with a stable outlook, as the studio transitions from linear TV to streaming. The media conglomerate, led by CEO Bob Bakish, is aiming to offset lost linear TV revenues with streaming and digital revenues, but faces challenges in reducing leverage and increasing free operating cash flow. The credit rating agency may further lower Paramount Global's debt rating if these targets are not met, and the studio recently announced plans to cut 800 jobs as part of cost streamlining efforts.
Originally Published 2 years ago — by MarketWatch
Credit-rating agency Fitch Ratings has placed Western Alliance Bancorp's BBB-plus long-term-issuer default rating on review for a possible downgrade, making it the latest regional bank to face such an action in the wake of the failure of Silicon Valley Bank. The BBB-plus rating is three notches above junk. The stock has lost more than half its value in the month to date and hit a three-year low on Monday. Fitch is now considering the assignment of a negative or stable outlook, depending on market conditions and the impact on the bank’s deposit franchise, long-term earning power, and capitalization.