04:23 PM EDT, 08/16/2024 (MT Newswires) -- Warner Bros. Discovery's ( WBD ) outlook was revised to negative from stable due to elevated leverage and a weaker-than-expected operating performance in H1, S&P Global Ratings said Friday.

The potential loss of National Basketball Association broadcast rights after the 2024-2025 season may impact Warner's linear television segment significantly and pressure its deleveraging efforts, S&P added.

S&P affirmed Warner's BBB- credit rating.

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