S&P upgrades McGraw-Hill Education’s MH credit ratings to BB
S&P Global Ratings upgraded McGraw-Hill Education’s CFR to BB- from B+, raised senior secured to BB from BB-, senior unsecured to B from B-, and set the outlook to stable.
’s corporate credit rating to BB- from B+, raised the senior secured rating to BB from BB-, and lifted the senior unsecured rating to B from B-. The agency set the outlook to stable. S&P said the action reflects improving credit metrics after debt reduction efforts.