Global printing company R.R. Donnelley & Sons recently filed papers with the Connecticut Department of Labor to reveal its intentions of closing its Windsor location by March, according to Printing Impressions.

The printing company's closure of its Winsdor house will result in the loss of 117 jobs.

PIworld.com reported that the loss amounts to 69 production employees, 12 managers and 36 administrative empoyees.

The Wall Street Journal reported Friday that Moody's Investors Service adjusted its outlook on the company, lowering it from stable to negative due to expectations that the company's debt levels will "remain elevated well into 2013 as it spends through its cash to continue restructuring."

The paper's report comes just days after Forbes named R.R. Donnelley & Sons (Nasdaq: RRD) a top dividend stock based on insider buying.

Forbes.com said that the company's director, Thomas S. Johnson, purchased 206,200 shares of the company, investing nearly $3 million in September 2011.

Over the past year, the company's share price has fallen over $5.50.