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Two down, one to go.
Moody’s Investors Service today upgraded Interpublic Group’s stock into investment grade status—eight months after Fitch Ratings did the same. In each case, Interpublic escaped junk bond territory.
Standard & Poor’s Financial Services, however, has yet to follow suit. That said, today marks the first time since 2003 that two of the three credit ratings agencies have deemed IPG investment-worthy.
Pre-2002, IPG enjoyed relatively high ratings among the agencies. Then the holding company unearthed a $183.1
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