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DBRS downgrades Torstar
DBRS said it downgraded the issuer rating of Torstar Corp. to BBB (low) from BBB.
The trend is stable and the rating is no longer under review with negative implications.
DBRS said the downgrade reflects its view that Torstar's earnings profile has been structurally affected by a consumer shift to digital forms of media as the company has struggled to sustain organic revenues and profitability.
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