DBRS: Transcontinental on negative review

DBRS said it placed Transcontinental Inc.'s senior unsecured debt rating of BBB (high) and preferred share rating of Pfd-3 (high) under review with negative implications.

The negative review reflects the company's highly competitive industry, which is being increasingly affected by the structural transition toward digital-based mediums and is applying pressure to traditional printing revenue, DBRS said.

In its review of Transcontinental, the agency said it will focus on the company's potential to adapt to the changing environment and will assess the company's prospects going forward.

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