Fitchbelieves RRD The Glass Menagerie should be able to take market share
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Fitchbelieves RRD reports allusions in the glass menagerie should be glass menagerie reasons able to take market share and grow revenues by leveragingits scale and full-service offerings. RRD is one of the few players that caninvest in technology and enhanced service capabilities. The company stated that liquidity at year-end 2008 was supported by $315 millionin cash and approximately $1.5 billion in availability under its $2.0 billioncredit agreement. Fitch estimates 2008 year-end debt at approximately $4.2billion and estimates year-end leverage to be around 2 The Glass Menagerie tickets .5 times (x). Managementhas publicly reiterated its commitment to investment grade ratings several timesin the past year. Credit metrics will likely fluctuate over time between low'BBB' and high 'BBB' as the company executes opportunistic acquisitions and thende-levers to create capacity for future transactions.
While management does notspecify an explicit leverage target, Fitch expects leverage to average below oraround 3.0x over the intermediate term amanda from the glass menagerie . Fitch currently rates RRD as follows: --Issuer Default Rating (IDR) 'BBB'; --Senior unsecured revolving credit facility 'BBB'; --Senior unsecured notes and debentures 'BBB'; --Short-term IDR 'F2' For further information, please see Fitch's Sept glass menagerie movie The Glass Menagerie - sparknotes The Glass Menagerie . 30, 2008 Credit Analysisreport available on the Fitch Ratings web site at Fitch's rating definitions and the terms of use of such ratings are available onthe agency's public site, Published ratings, criteria andmethodologies are available from this site, at all times a streetcar named desire film . Fitch's code ofconduct, confidentiality, conflicts of interest, affiliate firewall, complianceand other relevant policies and procedures are also available from the 'Code ofConduct' section of this site a streetcar named desire The Glass Menagerie tickets - google .
Fitch RatingsRolando Larrondo, +1-212-908-9189 (New York)Mike Simonton, CFA, +1-312-368-3138 (Chicago)Cindy Stoller, +1-212-908-0526(Media Relations, New York)Copyright Business Wire 2009 . CINCINNATI--(Business Wire)--Great American Insurance Group`s Environmental Division is pleased to announcethe opening of a regional office in San Francisco, CA a streetcar named desire movie . This expansion willcomplement the Environmental Division`s home office located in Plymouth Meeting,PA streetcar named desire . The new Regional Office will be led by a seasoned manager and will initially bestaffed with several experienced underwriters and support staff . This officewill conduct environmental business for Great American in the United States andCanadian western regions in coordination with the Home Office The Glass Menagerie - wikipedia .
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