Fitch alters Pearson outlook to positive

Fitch Ratings said it revised Pearson plc's outlook to positive from stable while affirming its long-term issuer default rating and senior unsecured ratings at BBB-.

“The outlook revision reflects the company's healthy financial profile with better visibility on its growth prospects, our expectation of improving Fitch-defined EBITDA margins to around 20% by 2025 with EBITDA net leverage remaining comfortably below the upgrade threshold of 2.2x over 2023-2026,” the agency said in a press release.

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