02:52 PM EST, 12/11/2024 (MT Newswires) -- Quad/Graphics ( QUAD ) shares jumped Wednesday after it said that S&P Global Ratings upgraded its issuer credit rating to BB- from B+ with a stable outlook.

The company said the rating agency also raised the senior secured debt to BB-, due to Quad's debt repayment, improved leverage, and cost control despite revenue headwinds.

The stock was up nearly 4% in recent trading. Trading volume stood at more than 142,000 shares against a daily average of 272,304 shares.

Price: 8.73, Change: +0.32, Percent Change: +3.80