S&P Voices Caution Over IPG's Outlook

NEW YORK Standard & Poor’s Ratings Services revised Interpublic Group’s corporate credit rating outlook to stable, from positive, because of economic concerns.
 
Still, S&P said all ratings on the company’s debt, including its B+ corporate credit rating, were affirmed.
 
“The outlook change reflects our concern that a prolonged recession and its effect on client budgets could exert pressure on Interpublic’s revenue, EBITDA, cash flow, and credit measures, postponing upgrade potential until an economic recovery begins to materialize,” Heather Goodchild, a S&P credit analyst, said in a statement.