DBRS confirms Transcontinental

DBRS said it has confirmed its long-term and preferred share ratings on Transcontinental Inc. at BBB (high) and Pfd-3 (high), respectively.

The trends have been changed to negative.

While Transcontinental's business risk profile and financial profile continue to support a rating above the BB (high) business risk rating for the printing industry, DBRS said that it expects the structural factors that Transcontinental is facing, along with increased competitive forces, to persist and potentially accelerate further for Transcontinental over the medium term.

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