REG - Pearson PLC - Withdrawal of Credit Rating Agency

PearsonAnnouncement

23/09/2021 15:45

RNS Number : 8122M
  
Pearson PLC
  
23 September 2021
  
 

Withdrawal of Credit Rating Agency
 
Pearson plc ("Pearson") gives notice that Standard & Poor's Financial Services LLC announced yesterday that it has, at the request of Pearson, withdrawn its ratings of Pearson, Pearson Funding plc ("the issuer") and the bonds specified below, which were issued by the issuer and are guaranteed by Pearson. The bonds remain rated Baa3 (stable outlook) and BBB- (stable outlook) by Moody's Investors Service and Fitch Ratings Limited respectively. 
·      £350,000,000 3.750% Guaranteed Notes due 2030 (XS2044910466), all of which are outstanding 
 
·      EUR 500,000,000 1.375% Guaranteed Notes due 2025 (XS1228153661, all of which are outstanding 
 
·      U.S.$500,000,000 3.250% Guaranteed Notes due 2023 (USG6964RAA26 / US70501VAA61), of which U.S.$94,176,000 are outstanding; and 
 
·      U.S.$500,000,000 3.750% Guaranteed Notes due 2022 (USG6964QAA43 / US705011AA25), of which U.S.$117,273,000 are outstanding.

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