Item 8.01 Other Events.
On November 12, 2008, Standard & Poor's Ratings Services placed its 'BB-' rating
for Bowne & Co., Inc. ("the Company") on CreditWatch with negative implications.
Standard & Poor's expects to resolve the CreditWatch listing in the next
30 days.
On November 14, 2008, Moody's Investor Services downgraded the corporate family
of Bowne & Co., Inc. to Ba3 from Ba2 and the rating on its convertible
subordinated notes to B2 from B1. Moody's also placed these ratings under review
for further downgrade. The new ratings reflect the same credit rating that the
Company had before Moody's upgraded its corporate family rating to Ba2 from Ba3
in April 2008.
Copies of the press releases released by Standard & Poor's and Moody's are being
furnished as Exhibit 99.1 and 99.2 to this Current Report on Form 8-K.
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