Fitch gives Interpublic notes BBB+

Fitch Ratings said it assigned Interpublic Group’s proposed benchmark issuance of senior unsecured notes a BBB+ rating. Fitch said it views the offering positively because it will strengthen the company’s liquidity position.

The outlook has been revised to negative from stable. The negative outlook incorporates the significant uncertainty surrounding the advertising markets near-term performance in light of the coronavirus pandemic and a lack of rating headroom at the current level to accommodate the anticipated disruption to IPG's operating model, the agency said.

Fitch affirmed the company’s BBB+ rating.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.