S&P revises R.R. Donnelley view to stable

S&P said it affirmed all its ratings for R.R. Donnelley & Sons Co. and revised its outlook to stable from negative.

“The outlook revision reflects our expectation that the company's adjusted leverage will decline below 5x and its FOCF to debt will remain above 5% on a sustained basis – both of which are key thresholds set for the current rating,” S&P said in a press release.

Last year, Donnelley paid down about $315 million in debt using asset sales and cash flow, the agency said.

© 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.