S&P Revises Cenveo Outlook to Negative

Standard & Poor’s Ratings Services revised its rating outlook on Stamford, CT-based diversified printing company Cenveo Inc. to negative from stable. The outlook revision reflects the potential for a downgrade, should the company maintain sizable debt maturities in December 2013 as this date approaches.

The corporate credit rating on Cenveo reflects Standard & Poor’s expectation that the company’s leverage will remain high and coverage will remain weak. For these reasons, we consider Cenveo’s financial profile “highly leveraged.” We view the company’s business risk profile as “weak” because of Cenveo's participation in the highly competitive and cyclical printing markets.