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Moody’s changes Aon outlook to stable
Moody’s Investors Service said it changed its outlook for Aon plc to stable from positive and affirmed its Baa2 senior unsecured rating.
Aon agreed to buy NFP Corp. for about $13.4 billion in cash and stock.
“The change in rating outlook to stable from positive reflects Aon's planned issuance of substantial debt to help fund the purchase of NFP and the inherent integration risk. Aon will fund the transaction through a mix of cash and stock,” Moody’s said in a press release.
Aon and NFP aim to close the deal in mid-2024 pending regulatory approval and other customary closing conditions.
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