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Fitch rates Gallagher notes BBB
Fitch Ratings said it assigned a BBB rating to Arthur J. Gallagher & Co.'s new senior unsecured notes offering.
The rating is the same as Fitch’s on Gallagher’s other senior unsecured notes.
The proceeds will be used for general corporate purposes including mergers and acquisitions financing and to partially finance the pending Willis Re acquisition, along with cash on its balance sheet.
The outlook is stable.
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