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Fitch rates R.R. Donnelley loan BBB-
Fitch Ratings said it assigned a BBB- rating to R.R. Donnelley & Sons Co.'s $1.75 billion three-year credit facility, which replaces the company's previous $2 billion credit facility due January 2012.
The company's issuer default rating, senior revolving credit facility and senior notes are rated BBB-.
The outlook is stable.
Ratings consider the company's scale and diverse product offering as the largest commercial printer in the U.S. and worldwide, Fitch said.
Ratings are also supported by the company's adequate financial flexibility and liquidity, as well as its ability to generate meaningful free cash flow, even during a downturn, the agency said.
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