Moody's rates Omnicom convertibles Baa1

Moody's Investors Service said it assigned a Baa1 rating to Omnicom Group Inc.'s $427.2 million senior unsecured zero coupon convertible notes due 2038.

The 2038 notes will replace an identical amount of senior unsecured zero coupon convertible notes due 2033 through an amendment to the indenture as part of the company's recent consent solicitation.

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