Moody's: RR Donnelley notes Ba1

Moody's Investors Service said it assigned a Ba1 rating to RR Donnelley & Sons Co.'s new $300 million seven-year senior unsecured notes.

The outlook remains negative.

Because the proceeds will be used to refinance pending near term maturities, Moody's said it considers the transactions to be neutral to RR Donnelley's credit profile and have rated the new notes at the same rating level as the company's existing senior unsecured debt.

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