S&P: R.H. Donnelley unaffected

Standard & Poor's said its rating and outlook on R.H. Donnelley Corp. (BB-/Stable/--) and its subsidiaries would not be affected by the company's bid to acquire Business.com Inc. for $345 million in cash and deferred purchase consideration.

The acquisition is expected raise the issuer's total debt-to-EBITDA ratio to 6.75 times from 6.5 times, the agency said.

The purchase comes at a time when integration activity relating to past acquisitions is high, but the scale of the Business.com integration is considerably smaller than past acquisitions, S&P said. The company is expected to produce positive advertising sales growth in 2007, the agency said.

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