Military Loan

SAN FRANCISCO (MarketWatch) — Moody’s Investors Service on Thursday downgraded the Washington Post Co.’s senior unsecured note rating to A2 from A1. “The downgrade reflects Moody’s expectation that proposed Department of Education gainful employment guidelines regarding access to Title IV student loans for private for-profit educational institutions and the implementation of operating strategies to reduce Title IV student loan default rates will negatively affect the earnings of Kaplan, which is WPO’s largest operating segment,” said Moody’s in a statement. The rating outlook is negative.

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