| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers W > Headlines for WPP Group plc > News item |
Fitch ups WPP Group
Fitch Ratings said it has upgraded U.K.-based WPP Group plc's issuer default rating to BBB+ from BBB.
The outlook is stable.
At the same time, Fitch has upgraded the senior unsecured ratings to BBB+ from BBB for debt issued by WPP, WPP Finance (UK), WPP Finance (USA) Corp., WPP Group U.S. Finance Corp. and WPP Finance Co. Ltd.
Fitch said the upgrade reflects continued operational performance improvements, the successful integration of Grey Global and conservative financial policies.
WPP's full-year results for 2005 showed further significant improvements, with a like-for-like revenue increase of 5.5% to £5.4 billion and a 1% rise in operating margin.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.