S&P Global Ratings Upgrades McGraw Hill
S&P Global Ratings upgraded McGraw Hill's credit ratings on September 18, 2026, raising the corporate family rating to BB- from B+ and changing the outlook to stable. Senior secured notes and the senior secured first lien bank credit facility moved to BB from BB-, while senior unsecured notes were raised to B from B-. CFO Bob Sallmann said the upgrades "validate the progress we have made to reduce gross debt" and follow Moody's Ratings upgrades in July 2026.
Key figures
- Outlook
- stable
- Upgrade date
- 2026-09-18
- Prior agency upgrade
- Moody's Ratings upgraded ratings in July 2026
- Senior secured rating
- BB (upgraded from BB-)
- Corporate family rating
- BB- (upgraded from B+)
- Senior unsecured rating
- B (upgraded from B-)
AI analysis
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