S&P: Visant negative

Standard & Poor's said it revised its outlook on Visant Holding Corp. to negative from stable.

At the same time, the agency said it affirmed its B+ corporate credit rating on the company, along with all related issue-level ratings on the company's debt.

"The outlook revision to negative reflects our expectation that Visant's ongoing unfavorable revenue trends will continue to pressure EBITDA and discretionary cash flow, drive leverage higher and could weaken its interest coverage," said S&P credit analyst Chris Valentine in a news release.

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