S&P: Imagine! Print to negative

S&P said it revised the outlook on Imagine! Print Solutions LLC to negative from stable and affirmed all of its ratings, including the B corporate credit rating.

“The outlook revision reflects the risk that the weak operating performance for the first half of 2017 will continue over the next 12 months resulting in leverage above 6x and free operating cash flow to debt below 5% on a sustained basis,” the agency said in a news release.

“The lower-than-expected revenue growth is mostly the result of underperforming organic sales growth initiatives and delays in client advertisement campaigns.”

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