DBRS confirms Transcontinental Inc.

DBRS said it confirmed the issuer rating and senior unsecured debt rating of Transcontinental Inc. at BBB (low) with stable trends.

The rating confirmations reflect the company’s relatively stable earnings and financial profile while acknowledging further progress in earnings diversification over the course of the past year, DBRS said in a news release.

DBRS said the ratings continue to reflect Transcontinental’s strong market position in its Print and Publishing businesses, strong free cash-generating capacity and modest financial leverage. The ratings also continue to consider the structural shift from print to digital media and the risks associated with growth through acquisitions.

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