Moody’s Downgrades Blackboard Debt, Focuses On Learn Ultra Delivery Posted on April 10, 2018 Categories:Business & Economics, Ed Tech, LMS & Learning Platforms Tags:Blackboard, debt, Learn Ultra, LMS market, Moody's Phil HillMoody’s downgrades Blackboard’s debt. Behind the financial lingo lies some insight into the company’s turnaround efforts and impact from late delivery of Learn Ultra.