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Fitch gives Paramount Global notes BB+
Fitch Ratings said it gave a BB+ rating to Paramount Global's issuance of 40-year junior subordinated debentures.
“The rating reflects Fitch's standard notching for a hybrid instrument with its risk characteristics,” the agency said in a press release.
The proceeds are expected to be used for general corporate purposes including debt repayment.
The outlook is stable.
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