S&P may lift Visant

Standard & Poor's said it placed the B+ corporate credit rating for Visant Holding Corp. on CreditWatch with positive implications.

"The CreditWatch listing reflects our expectation that Visant's good relative operating performance and moderately less aggressive financial policy could enable the company to sustain lower leverage levels on average over the next few years," S&P analyst Michael Listner said in a statement.

The company has total adjusted leverage of about 4.9x as of Apr. 4.

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