Paramount cuts junk at S&P; That Could Ease Acquisition, Says Wells Fargo (NASDAQ:PARA)

Paramount Studios water tower

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Paramount Global (NASDAQ: PAR) (NASDAQ: PARAA) long-term debt rating was downgraded to junk status at S&P — a move that Wells Fargo said could actually make it easier to acquire the company by freeing up obligations to repay debt.


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