Research Update: Washington Post Co. Ratings Put On Watch Negative Over Earnings Concerns At Kaplan Division May 11
- ID: 1793579
- May 2011
- Region: Washington
- Standard & Poors
Deteriorating operating performance at Washington Post Co.'s Kaplan higher education division is negatively affecting revenue and EBITDA. We have placed our ratings for Washington Post Co. on CreditWatch with negative implications. The CreditWatch listing reflects our concern that weaker education segment operating performance trends will continue over the near-to-intermediate term, prompting our reassessment of the company's business mix and earnings potential. On May 19, 2011, Standard & Poor's Ratings Services placed its 'A' long-term corporate credit and senior unsecured ratings, as well as its 'A-1' short-term commercial paper rating, for Washington Post Co. on CreditWatch with negative implications. The CreditWatch listing reflects our concern that declining revenues and EBITDA will continue over the near-to-intermediate term in the company's Kaplan higher...
Companies mentioned in this report are: Washington Post Co.
Action: On CreditWatch:Negative
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Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
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