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Article: S&P Affirms Quebecor Printing, Capital Corp. Unit BBB+ Ratings

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PR Newswire
Article date:
December 11, 1997
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NEW YORK, Dec. 11 /PRNewswire/ -- At the same time, Standard & Poor's affirmed its triple-'B'-plus corporate credit rating on Quebecor Printing Inc. and its triple-'B'-plus rating on Quebecor Printing Capital Corp.'s senior unsecured debt, which is guaranteed by Quebecor Printing. About US$300 million of rated debt is affected. The outlook remains stable.

The rating affirmation follows the announcement that Quebecor Printing made an offer to acquire all of the stock of Watmoughs Holding PLC, a U.K.-based commercial printer, for about US$320 million. The integration of this profitable company into Quebecor Printing's European operations should permit cost ... 







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