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Article: Quebecor Printing's Shelf Registers Rated Preliminary 'BBB+' by S&P.
- Article from:
- PR Newswire
- Article date:
- May 14, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TORONTO, May 14 /PRNewswire/ -- Standard & Poor's today assigned its preliminary triple-'B'-plus rating to the US$250 million senior unsecured shelf registered by Quebecor Printing Inc., Quebecor Printing Capital GP, and Quebecor Printing Capital Corp. Standard & Poor's also affirmed its triple- 'B'-plus corporate and senior unsecured ratings. The outlook is stable.
In the future, Quebecor Printing, Quebecor Printing Capital GP, or Quebecor Printing Capital Corp. may issue senior unsecured debt, to be drawn under the shelf, and utilize the proceeds to refinance existing bank debt. If the said debt securities are issued by the two latter entities, they will be ...