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UFC/MMA Juggernaut Slowing Down?

That's what Adam Smith of MMA Payout is suggesting:

Today S&P issued a report that downgraded Zuffa's credit rating from BB to BB-. The cut was the result of weaker than expected performance in the third quarter, marking the second consecutive disappointing quarter.

Full details and analysis on Sherdog.com later today.

Definitions of BB and BB- here.