S&P Puts Cenveo Credit Rating on Negative Watch

S&P said there was a remote possibility that Cenveo's outlook could be revised to stable, should it reduce its 2013 debt maturities meaningfully by the end of 2012, and S&P becomes confident that the printer will generate enough cash flow and have enough revolving credit facility capacity to meet this obligation, while establishing a margin of compliance healthily above 10 percent.