WPP outlook raised to positive vs stable; ratings affirmed - S&P |
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Published
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Tue, 13 Mar 2007 20:08
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LONDON (AFX) - Standard & Poor's Ratings Services said it has raised its outlook on WPP Group PLC to positive from stable.The 'BBB+' long-term corporate credit and senior unsecured debt ratings were affirmed, as was the 'A-2' short-term corporate credit rating.Credit analyst Anna Overton said: 'The outlook revision reflects progressive improvement in profitability and debt protection metrics.''Subject to continuity in the group's financial policy, current operating performance trends could lead to a one-notch rating upgrade in the medium term.'newsdesk@afxnews.comcmlCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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