S&P Raises Credit Rating on IPG

Leaders from Glossier, Shopify, Mastercard and more will take the stage at Brandweek to share what strategies set them apart and how they incorporate the most valued emerging trends. Register to join us this September 23–26 in Phoenix, Arizona.

Standard & Poor’s Ratings Services has raised its corporate credit rating on Interpublic Group to “BB” from “B+.”
 
In making the upgrade, S&P cited the lessening declines in organic revenue at IPG and said it expects the company’s “organic growth could be neutral or positive as early as the second quarter.” S&P also said it expects IPG to increase its EBITDA margin addition, and noted that corporate liquidity has improved, as the firm is repaying debt in 2010 that gives IPG’s loan covenant compliance “a healthier cushion.”
 
IPG



AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in