Fitch Downgrades RR Donnelley’s Rating; Outlook Remains Negative

NEW YORK—Sept. 24, 2012—Fitch Ratings has assigned a “BBB-” rating to R.R. Donnelley & Sons (RRD) proposed senior secured bank credit facility of up to $1.25 billion. Fitch has also downgraded RRD’s Issuer Default Rating (IDR) and senior unsecured notes and debentures to “BB” from “BB+.” The Rating Outlook remains Negative.