Moody's says Graham's incremental debt raises are modestly credit negative; no impact to the Ba1 CFR or stable outlook
Moody's Investors Service ("Moody's") said Graham Holdings Company's ("Graham" or the "company") Ba1 Corporate Family Rating (CFR), Ba1 rating on the $398 million 5.75% outstanding senior unsecured notes due 2026 and stable outlook are not impacted by recent debt raises at Graham and its 90%-owned a...Graham Holdings is an education and media company, whose operations include educational services; television broadcasting; online, print and local TV news; home health and hospice care; and manufacturing. The company's subsidiary, Kaplan, Inc. provides educational services, both domestically and outside the United States. The company's media operations comprise of the ownership and operation of television broadcasting, plus Slate and Foreign Policy magazines; Megaphone, a provider of podcast technology for publishers and advertisers; and Pinna, an ad-free audio streaming service for children. The company also owns, among others, home health and hospice providers, industrial companies, and automotive dealerships.
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