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

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

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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