<p>Before the spin-off of Warner Bros. Discovery Inc., major rating agencies have lowered their ratings, and its billions of dollars in bonds are set to enter the U.S. junk bond market as early as July. Moody's downgraded Warner Bros.' rating to speculative grade on Tuesday, shortly after S&amp;P Global Ratings further downgraded its credit rating to junk status before Warner Bros. spun off its streaming business. This downgrade will affect approximately $31 billion worth of securities in the U.S. high-yield bond market</p>

<p>Warner Bros. Discovery Inc.'s multi-billion dollar debt is about to enter the U.S. junk bond market. Moody's and S&P Global Ratings have both downgraded its credit rating, with Moody's lowering it to speculative grade and S&P downgrading it to junk status. This downgrade will affect approximately $31 billion of the U.S. high-yield bond market</p>

The junk bond market is preparing to welcome Warner Bros. Discovery's billions of dollars in debt