• 1-800-526-8630U.S. (TOLL FREE)
  • 1-917-300-0470EAST COAST U.S.
  • +353-1-416-8900REST OF WORLD

Research Update: Washington Post Co. 'A' Rating Remains On CreditWatch Negative On Lingering Earnings Concerns Jun 11

  • ID: 1828059
  • June 2011
  • Region: Washington
  • Standard & Poors

Our ratings for Washington Post Co. remain on CreditWatch with negative implications, despite finalized Department of Education (DoE) regulations that are somewhat less onerous than initially proposed. Deteriorating operating performance at Washington Post Co.'s Kaplan higher education division is negatively affecting revenue and EBITDA. We remain concerned that weaker education segment operating performance trends will continue over the near-to-intermediate term, prompting a reassessment of the company's business fundamentals and earnings potential. On June 16, 2011, Standard & Poor's Ratings Services said that 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. remain on CreditWatch, where it was placed on May 19, 2011, with negative implications. Washington, D.C.-based...

Companies mentioned in this report are: Washington Post Co.
Action: CreditWatch Update

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. READ MORE >

Note: Product cover images may vary from those shown

Washington Post Co.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown


Our Clients

Fluidigm Corporation Apple, Inc. CEVA Santé Animale Abbott Laboratories Ltd. Merck Group Allergan Inc. Pfizer, Inc.