McGraw-Hill Companies fourth quarter 2007 earnings fell 31%

Posted by Joachim Bartels | Dec 8, 2010 | Company, Country, McGraw-Hill, Newsletters, United States | 0 |

Harold McGraw, Chairman and CEO of McGraw-Hill Companies stated recently that the decline in the structured finance market, which started in September, carried over into October, November and December and is repeating itself in January. McGraw-Hill revenues and income are impacted by a decline in its rating business Standard & Poor’s (S&P), which saw a decline of 14% in forth quarter revenues. Issuance was down 41.7%, the latter included declines of 75.9% in mortgage securities and 73.5% in CDOs. “As the liquidity freeze begins to thaw and confidence returns, the market will find a firmer footing in the latter part of 2008,” Harold McGraw stated. Financial Services (S&P) 2007 revenues rose to US$ 3.034.6 million or 46% of parent company revenues. Operating income rose to US$ 1,359.4 or 75% of total. Source: Company Press Release and Reuters

BIIA Newsletter February 2008 Issue

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Joachim Bartels

Joachim C Bartels is a co-founder, managing director and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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