Publicis: Moody's upgrades outlook to 'stable'

(CercleFinance.com) - Moody's Investors Service on Wednesday affirmed its "Baa2" long-term credit rating for Publicis and upgraded its outlook to "stable" (from "negative").


The upgrade is due to the advertising and communications group's better-than-expected operational and financial performance in fiscal year 2020, the rating agency said.

Moody's added that its decision also reflects the prospect of a "solid" business recovery over the next 12 to 18 months.

The Publicis share is up about 1.5% at lunchtime on Wednesday.


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