Moody's Investors Service downgraded from 'B2' to 'B3' the LT- foreign currency credit rating of Adler Pelzer Holding on December 19, 2025. The outlook is stable.
Moody's Investors Service downgraded from 'B3' to 'Caa1' the LT- foreign currency credit rating of Houghton Mifflin Harcourt on December 19, 2025. The outlook is stable.
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