outlook

Bowl Projections 2020: Predictions, Updated College Football Playoff Outlook | Bleacher Report

Alabama QB Mac Jones

Alabama QB Mac JonesJohn Raoux/Associated Press

While the College Football Playoff has never been in jeopardy, the rest of bowl season has had an unclear outlook.

Put simply, there were too many unanswered questions. Would the games be prioritized? Would any schools not travel to a fan-less game several states away? Will enough teams finish with the requisite six wins to become bowl-eligible?

Now that every FBS conference has announced it would return, though, the first two questions are addressed. Plus, the NCAA is likely to waive bowl-eligibility requirements in 2020.

Yes, the calendar itself must be worked out because the regular season runs into mid-Decemberwhich is when bowls typically begin. But after several months of uncertainty about the postseason, it’s refreshing to have a packed bowl slate on the way.

Note: The Bahamas, Hawaii and RedBox Bowls will not be played.

         

College Football Playoff

Sugar Bowl

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McGraw-Hill Global Education Holdings, LLC — Moody’s downgrades McGraw Hill CFR to Caa2; outlook negative

New York, August 17, 2020 — Moody’s Investors Service, (“Moody’s”) downgraded McGraw Hill LLC’s (“McGraw”) ratings, including its Corporate Family Rating (CFR) to Caa2 from B3 and changed the outlook to negative from stable.

The downgrades and the change in outlook to negative reflect Moody’s view that the company’s operating challenges stemming from the continued secular pressure in the higher education market will be further exacerbated by the significant uncertainty around enrollment levels amid the coronavirus pandemic. Moody’s believes that the earnings deterioration will make it difficult for the company to materially reduce its high leverage and address its significant $2.1 billion of 2021/2022 maturities (including revolver), thereby elevating default risk. Given near-term maturities, the expectation of high leverage, and negative pressure on earnings, sustainability of the capital structure has become a greater concern, including the likelihood of a distressed debt exchange.

The company’s $350 million revolver (undrawn as of … Read More