Research Update: Patriot Coal Corp. 'B+' Ratings Placed On CreditWatch Negative On Lower-Than-Expected EBITDA And Weakening Demand Jan 12
- Language: English
- Published: January 2012
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
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
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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Washington Post Co.