Fitch affirms Omnicom

Fitch Ratings said it affirmed Omnicom Group's ratings, including Omnicom Group, Inc.'s issuer default rating at A-, senior unsecured notes at A-, short-term issuer default rating at F2, along with Omnicom Finance Inc., Omnicom Finance, plc and Omnicom Capital, Inc.'s bank credit facilities at A- and commercial paper at F2.

The ratings continue to reflect the group's position as a leading global advertising agency holding company, its consistent operating performance and stable credit profile, Fitch said.

These strengths are balanced by risks associated with further migration of advertising away from traditional, mass-media approaches, event risk associated primarily with potential revisions to financial policies and risks associated with cyclical fluctuations of advertising expenditures, the agency added.

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