Fitch affirms Omnicom

Fitch Ratings said it affirmed Omnicom Group Inc.'s long- and short-term issuer default ratings and other outstanding debt ratings as listed below:

Omnicom Group's issuer default rating A-, senior unsecured notes A- and short-term issuer default rating F2 as well as Omnicom Finance, Inc., Omnicom Finance, plc and Omnicom Capital, Inc.'s bank credit facilities at A- and commercial paper F2.

The outlook is stable.

Fitch said that Omnicom's ratings continue to reflect the following:

• Its position as a leading global advertising agency holding company;

• Its consistent operating performance, supported by solid net new business wins; and

• Its stable credit profile.

The agency noted that 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.

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