Fitch keeps Willis on watch

Fitch Ratings said it maintained the Rating Watch Positive on the ratings of Willis Group Holdings plc, including the BBB- issuer default ratings of Willis, Willis North America Inc. and Trinity Acquisition plc.

Fitch placed the ratings on Rating Watch Positive on June 30, following the announcement that Willis and professional services and analytics firm Towers Watson & Co. agreed to an all-stock merger.

This new action follows the announcement that shareholders of Willis and Towers Watson approved the proposals necessary to complete the merger. The companies expect that the transaction will close very early in 2016. The merged company will be known as Willis Towers Watson.

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