S&P puts Willis Towers on positive watch

S&P said it placed its ratings for Willis Towers Watson plc on CreditWatch positive, following the announcement the company is merging with Aon plc in an all-stock deal.

“This combination modestly improves our assessment of the strength of the combined entity's business, creating a more-complete insurance broker in the large account and middle-market space. Collectively, the combination would produce the largest international insurance broker, with more than $20 billion in internationally well-diversified annual revenues,” said S&P in a press release.

S&P sees resolving the CreditWatch when the combination closes.

© 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.