Moody's cuts Quebecor World

Moody's Investors Service said it downgraded Quebecor World Inc.'s corporate family rating to Ca.

The agency said that the company's debt instruments and those of related companies, Quebecor World Capital Corp. and Quebecor World Capital ULC, were also downgraded to Ca.

In addition, Moody's said that the company's probability-of-default rating was downgraded to D to respond to Quebecor World's announcement that had applied for creditor protection under the Companies' Creditors Arrangement Act in Canada and Chapter 11 of the United States Bankruptcy Code in the United States.

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