Press Release

DBRS Rates R.R. Donnelley’s $400 Million Notes Issue BBB (high), Stable Trend

Telecom/Media/Technology
January 14, 2009

DBRS has today assigned a rating of BBB (high) to the R.R. Donnelley & Sons Company (RR Donnelley or the Company) $400 million 11.25% senior notes issue due February 1, 2019. The trend is Stable.

DBRS expects RR Donnelley to use the net proceeds from this notes issue to pay down the Company’s short-term debt.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodology is Rating Printing and Publishing, which can be found on our website under Methodologies.

This is a Corporate rating.

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