Quad/Graphics (QUAD) shares jumped Wednesday after it said that S&P Global Ratings upgraded its issuer credit rating to BB- from B+ with a stable outlook.
The company said the rating agency also raised the senior secured debt to BB-, due to Quad's debt repayment, improved leverage, and cost control despite revenue headwinds.
The stock was up nearly 4% in recent trading. Trading volume stood at more than 142,000 shares against a daily average of 272,304 shares.
Price: 8.73, Change: +0.32, Percent Change: +3.80
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