COLUMBUS, Ohio--(BUSINESS WIRE)-- McGraw Hill, Inc. (NYSE: MH; “McGraw Hill” and the “Company”), a leading global provider of education solutions for preK-12, higher education and professional learning, today announced that it has received upgraded ratings from S&P Global Ratings.
On September 18, 2026, S&P Global Ratings upgraded McGraw-Hill Education, Inc.’s ratings, including its corporate family rating (CFR) to BB- from B+, its senior secured notes and senior secured first lien bank credit facility ratings to BB from BB- and its senior unsecured notes rating to B from B-.The outlook was changed to stable.
“These upgrades from S&P follow the upgrades from Moody’s Ratings in July 2026 and validate the progress we have made to reduce gross debt and continue to position McGraw Hill for sustainable growth,” said Bob Sallmann, the Company’s Executive Vice President, Chief Financial Officer. “These upgrades substantiate the continued execution of the McGraw Hill team and the opportunity ahead for the business as we invest in the future of education.”
McGraw Hill (NYSE: MH) is a leading global provider of education solutions for preK-12, higher education and professional learning, supporting the evolving needs of millions of educators and students around the world. We provide trusted, high-quality content and personalized learning experiences that use data, technology and learning science to help students progress towards their goals. Through our commitment to fostering a culture of innovation and belonging, we are dedicated to improving outcomes and access to education for all. We have over 30 offices across North America, Asia, Australia, Europe, the Middle East and South America, and make our learning solutions available in more than 80 languages. Visit us at mheducation.com or find us on Facebook, Instagram, LinkedIn or X.
A corporate family rating is a single credit score assigned to an entire group of related companies that reflects the likelihood the group can meet its financial obligations. It looks at the combined strength of the parent and core subsidiaries rather than any one bond or loan. Investors use it like a household credit score: it helps judge overall default risk, influences borrowing costs and bond prices, and guides decisions about exposure to the whole corporate group.
senior secured notesfinancial
Senior secured notes are loans a company sells to investors that are backed by specific assets and given first priority for repayment if the company defaults. Because they have a claim on collateral and are paid before other debts, they usually offer lower risk and correspondingly lower interest than unsecured debt; investors use them to judge how safe repayment and recovery of principal might be, like holding a mortgage instead of an unsecured credit card balance.
first lienfinancial
A first lien is a legal claim that gives a lender the top priority to be repaid from specific collateral if a borrower defaults or liquidates assets. Think of it as being first in line for the proceeds from a sale—investors who hold a first lien are more likely to recover their money than holders of later claims, so these loans generally carry lower risk and different pricing compared with unsecured or subordinated debt.
senior unsecured notesfinancial
Senior unsecured notes are a type of loan a company borrows from investors, promising to pay back with interest. They are called "unsecured" because they aren’t backed by specific assets like buildings or equipment, but "senior" because they are paid back before other debts if the company gets into trouble. Investors see them as a relatively safer way for companies to raise money.
