Moody’s alters Donnelley view to stable

Moody’s Investors Service said it changed R.R. Donnelley & Sons Co.’s outlook to stable from negative and affirmed the B2 corporate family rating, B2-PD probability of default rating, B1 rating on the company’s senior secured term loan B and B3 ratings on its senior unsecured notes and debentures. The speculative grade liquidity rating was maintained at SGL-3.

“The outlook was changed to stable because the company is expected to maintain at least adequate liquidity and leverage around 5x through the next 12 to 18 months despite ongoing pressures in its business”, said Peter Adu, a Moody’s vice president and senior analyst, in a press release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.