S&P affirms Pearson

S&P said it affirmed its BBB long-term and A-2 short-term issuer credit ratings on Pearson plc.

The outlook is negative.

At the same time, the agency affirmed the senior unsecured debt ratings on Pearson at BBB.

S&P said the affirmation reflects a view that Pearson has improved its financial position and credit metrics, although risks remain in the business while the group progresses through its restructuring plans and positions for sustainable growth.

“The outlook remains negative while we await further evidence of stabilization and sustainable growth in group earnings, improving margins and a successful restructuring effort,” the agency said in a news release.

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