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McGraw Hill Financial, Inc. Message Board

  • jondow69@ymail.com jondow69 Feb 14, 2013 10:24 PM Flag

    MOODY'S LOWERS MHP DEBT RATING FROM A3 TO Baa SAID IT MAY REDUCE THE GRADE AGAIN?

    SO it in rueters and yahoo headlines!jmo

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    • This and the Fitch downgrade don't mean squat since they don't affect short-term commercial paper and MHP isn't planning on tapping the debt markets to issue debt anytime in the foreseeable future and they have enough cash to cover all outstanding debt. In fact, they will 3-4 X the amount cash needed to cover all debt after they get the $2.5 BILLION from the sale of Education unit next month. They will likely announce a huge accelerated buyback and possibly raise the dividend/issue another special dividend sometime next month imo. Something to look forward to!

      Sentiment: Strong Buy

 
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