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Article: Standard & Poor's Affirms Ratings on Quebecor Printing Inc. & Unit

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PR Newswire
Article date:
July 9, 1998
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TORONTO, July 9 /PRNewswire/ -- Standard & Poor's today affirmed its triple-'B'-plus corporate credit rating on Quebecor Printing Inc. Standard & Poor's also affirmed its triple-'B'-plus senior unsecured rating on Quebecor Printing Capital Corp., which is guaranteed by Quebecor Printing Inc. The outlook is stable. About US$300 million of rated debt is affected.

The rating affirmation follows Quebecor Printing's announcement that it has made an offer to acquire Tryckinvest I Norden AB (TINA), the leading Scandinavian rotogravure printer, for US$270 million including US$50 million in assumed debt. Quebecor's offer is recommended by TINA's board and, if successful, ... 







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