Quad Upgraded by S&P to 'BB-' with Stable Outlook on Reduced Debt and Improved Leverage

SUSSEX, Wis., Dec. 11, 2024 /PRNewswire/ -- Quad/Graphics, Inc. (NYSE: QUAD) ("Quad" or the "Companxy"), a global marketing experience company, today announced that S&P Global Ratings ("S&P") upgraded its issuer credit rating for Quad to 'BB-' from 'B+' with a stable outlook. S&P also raised its issue-level rating on the Company's senior secured debt to 'BB-'.S&P based the rating upgrade primarily on Quad's active debt repayment and improved leverage, and strong cost management practices amid ongoing revenu ...