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Laureate Education, Inc. -- Moody's upgrades Laureate's CFR to B1, outlook is stable

Moody's Investors Service ("Moody's") upgraded Laureate Education, Inc. (Laureate) Corporate Family Rating (CFR) to B1 following successful execution of planned asset sales and announcement of pending term loan repayment in full, which is expected to occur this week. Moody's also upgraded the company's Probability of Default Rating to B1-PD from B2-PD. The Senior Secured First Lien Revolving Credit Facility due 2022 rating was upgraded to Ba3 from B2, and the Senior Unsecured Bond due 2025 was also upgraded to B3 from Caa1.