S&P: QMG on watch

Standard & Poor's said it placed its B corporate credit rating on QMG Holdings Inc., as well as its issue-level ratings on operating subsidiary Questex Media Group Inc., on Creditwatch with negative implications.

"The Creditwatch placement reflects its concern over Questex's weakened liquidity amid its expectation of cyclically depressed operating performance for the business-to-business trade show and publishing sector," said S&P credit analyst Tulip Lim.

"The recession has reduced ad pages for many publishers and negatively affected trade shows that service industries tied to consumer-related end markets."

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