S&P: Knowledge Learning view negative

Standard & Poor's said it revised the outlook on Knowledge Learning Corp., a wholly owned subsidiary of Knowledge Schools Inc., to negative from stable.

The B+ corporate credit rating was affirmed.

"The outlook revision reflects our concern that the recession could affect the company's operating performance in the full year 2009, resulting in an increase in debt leverage and reduced discretionary cash flow," S&P analyst Hal F. Diamond said in a statement.

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