Fitch rates Willis notes BBB

Fitch Ratings said it assigned a BBB rating to Willis North America Inc.'s newly issued $750 million of senior unsecured notes. Parent Willis Towers Watson plc and several other subsidiaries will guarantee the notes.

The rating is aligned with the issuer’s outstanding senior unsecured notes.

The proceeds will be used to repay $650 million of senior unsecured notes maturing in May and for general corporate purposes. “Fitch expects minimal impact to overall financial leverage,” the agency said in a statement.

The outlook is positive.

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