Comment on Viacom’s Battle With Sumner Redstone Could Hurt Credit, S&P Says

Viacom’s Battle With Sumner Redstone Could Hurt Credit, S&P Says

Viacom CEO Philippe Dauman’s battle with Chairman Emeritus Sumner Redstone could hurt the company’s ability to borrow: Standard & Poor’s Global Ratings today lowered its assessment of Viacom’s management and governance to “fair” from “satisfactory.” It reaffirmed the BBB- rating for the company’s debt but said that if the drama continues, it “could lead to a reassessment” of Viacom’s creditworthiness. Dauman’s suing to have Redstone, who turned 93 today, declared…

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Movies News