Moody's lowers American Color Graphics

Moody's Investors Service said it downgraded American Color Graphics, Inc.'s probability of default rating to D from Ca , following the company's announcement that it has filed a voluntary petition for reorganization under Chapter 11 of the Bankruptcy Code, accompanied by a pre-packaged plan of reorganization, the terms and conditions of which have been accepted by its noteholders.

Moody's said it plans to withdraw all of American Color Graphics's ratings shortly.

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