S&P Downgrades Warner Bros. Discovery To Junk Status On “Weak Credit Metrics” That Would Get Worse If Company Splits ...Middle East

S&P downgraded Warner Bros. Discovery to BB+ amid continued revenue and cash flow declines at its linear TV operations. Anything BB+ and below is junk bond status for the giant ratings agency. It reaffirmed its “negative” outlook. It also said that, from a credit perspective, it’s not a fan of a possible WBD split, teased […]

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