CAA Holdings LLC, led by CEO Bryan Lourd, has been hit with a credit rating downgrade from S&P Global Ratings. The research firm on Monday reduced Creative Artists Agency's rating to B, from B+, with a stable outlook, as it argued the Hollywood agency's talent roster has been impacted by the major studios pausing virtually all film and TV production amid the coronavirus pandemic, or due to the cancellation or postponement of multiple live events, including sports, music concerts and festivals. "The majority of CAA's represented talent are being directly affected by these disruptions because they are not receiving compensation.
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