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S&P based the rating upgrade primarily on Quad’s active debt repayment and improved leverage, and strong cost management practices
December 11, 2024
By: DAVID SAVASTANO
Editor, Ink World Magazine
Quad/Graphics, Inc. announced that S&P Global Ratings (S&P) upgraded its issuer credit rating for Quad to ‘BB-’ from ‘B+’ with a stable outlook. S&P also raised its issue-level rating on the company’s senior secured debt to ‘BB-’. S&P based the rating upgrade primarily on Quad’s active debt repayment and improved leverage, and strong cost management practices amid ongoing revenue pressures. In its research update, S&P noted: “Due to the Company’s rapid debt repayment, i...
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