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Moody's Upgrades Interpublic Group of Cos. to Ba2; Outlook Positive (IPG)

Written on Fri, 03/12/2010 - 12:57pm
By Chip Brian

3/12/2010-Friday Morning, Moody's Investors Service upgraded Interpublic Group of Cos. (NYSE:IPG) to Ba2, a notch closer to investment grade, citing the advertising company's "steady improvement" in operating performance and better-than-anticipated cash flow amid the downturn.
Moody's also cited the company's improving debt load and has a positive outlook on the rating in light of its expectation that Interpublic's revenue growth will resume and liquidity will improve.

Keywords: interpublic group upgrade Moody's outlook Stock smartrend

Ticker(s): IPG

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