Associated Press | Standard & Poor’s Ratings Services removed R.R. Donnelley & Sons
Co. from its CreditWatch list on Thursday after finishing a review of the
printing services company’s acquisition of Bowne & Co.

Standard & Poor’s backed its ratings on the Chicago company and
removed it from CreditWatch with negative implications.

The change means Standard & Poor’s does not expect to lower its ratings on R.R. Donnelley soon. It now has an investment ‘BBB’ rating on the company’s credit, with a negative outlook.

The agency placed R.R. Donnelley on CreditWatch with negative implications on Feb. 24 a day after R.R. Donnelley agreed to buy shareholder and marketing communications services company Bowne & Co. for $481 million. The deal is expected to close in the second half of 2010.

R.R. Donnelley shares rose 3 cents to $21.38 in afternoon trading.