- Language: English
- Published: August 2011
- Region: Africa, East Africa, Middle East
Summary: WPP Group PLC Mar 02
- Published: March 2002
- Standard & Poors
On March 13, 2002, Standard & Poor's assigned a new rating to U.K.-based communications services agency WPP Group PLC's (WPP) proposed debt issue. The company will use the proceeds to retire short-term debt associated with the acquisition of Tempus Group PLC. The company's total debt at Dec. 31, 2001, was about -1.5 billion. The ratings reflect WPP's leading global positions in advertising, market research, and public relations services, combined with broad geographical, functional, and client diversification. Furthermore, diversity of income sources helps mitigate potential vulnerabilities arising from exposure to advertising climate, occasional client losses, and reliance on key account management and creative personnel. WPP achieves good geographical diversity, with 44% of revenues in 2001 coming from the U.S., 22% from...
Companies mentioned in this report are: WPP 2008 Ltd.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >
WPP 2008 Ltd.