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McGraw-Hill to split, S&P to be independent

McGraw-Hill to split, S&P to be independent
AFP
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First Published: Mon, Sep 12 2011. 05 46 PM IST
Updated: Mon, Sep 12 2011. 05 46 PM IST
Washington: United States (US) media conglomerate McGraw-Hill announced Monday it was splitting into two separate companies, one of which will be built around rating agency Standard & Poors.
“Our Growth and Value Plan will transform a multifaceted corporation into two powerful companies, each with highly focused strategies, aligned customer bases and interconnected markets,” Harold McGraw, chairman, president and chief executive officer (CEO), said in a statement.
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First Published: Mon, Sep 12 2011. 05 46 PM IST