The GEO Group upgraded to 'BB-' by S&P on debt reduction
Investing.comTuesday, July 15, 2025 at 7:45:25 PM
The GEO Group, a major private prison operator, just got a financial boost—S&P Global Ratings upgraded its credit rating to 'BB-' after the company made progress in paying down its debt. This signals stronger confidence in GEO's ability to meet its financial obligations, though it’s still considered speculative (or "junk") territory.
Editor’s Note: Credit rating upgrades might sound like inside baseball, but this one matters because it reflects GEO’s efforts to clean up its balance sheet after years of scrutiny over its business model. For investors, it’s a sign of stability (or at least less risk), but critics watching the private prison industry will likely see it as a mixed bag—better finances don’t necessarily mean better practices. Either way, it’s a financial milestone for a controversial player.
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