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Montreal, April 15, 2008 – Transcontinental
Inc. yesterday received notice that DBRS has maintained its
BBB (high) rating for Transcontinental Inc. and improved the
trend for its Senior Unsecured Debentures. DBRS noted this
“trend change reflects Transcontinental’s continued
strong operational performance, despite the ongoing challenges
affecting the printing industry and the adverse effects of
foreign exchange rates.”
“This rating reflects Transcontinental’s solid
financial position and capacity to succeed in today’s
market,” said Benoit Huard, Vice President and Chief
Financial Officer, Transcontinental. “It is a result
of our successful strategy to operate in niches that deliver
the best value to our customers and our shareholders. The
credit for this rating from DBRS must also be shared with
all Transcontinental employees, who are dedicated to building
a world-class company.”
For details on the DBRS rating, please visit http://www.dbrs.com/intnlweb/jsp/content/document.faces.
About Transcontinental
The largest printer in Canada and sixth-largest
in North America, Transcontinental is also the country’s
leading publisher of consumer magazines and French-language
educational resources, and its second-largest community newspaper
publisher. Transcontinental distinguishes itself by creating
strategic partnerships that integrate the company into its
customers’ value chain, notably through its unique newspaper
printing outsourcing model and its value-added services. From
mass to highly personalized marketing, the Corporation offers
its clients integrated solutions which include a continent-leading
direct marketing offering, a diverse digital platform and
a door-to-door advertising material distribution network.
Transcontinental is a company whose values, including respect,
innovation and integrity, are central to its operation. Transcontinental
(TSX: TCL.A, TCL.B) has over 15,000 employees in Canada, the
United States and Mexico, and reported revenues of C$2.3 billion
in 2007.
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For information:
Media
Nessa Prendergast
Director, Media Relations
Transcontinental Inc.
Telephone: (514) 954 2809
nessa.prendergast@transcontinental.ca
Financial Community
Jennifer F. McCaughey
Director, Investor Relations
Transcontinental Inc.
Telephone: (514) 954 2821
jennifer.mccaughey@transcontinental.ca |
