Fitch gives Willis North America notes BBB

Fitch Ratings said it assigned a senior unsecured debt rating of BBB to Willis North America Inc.'s new issue of $600 million 4.5% senior notes due 2028 and $400 million 5.05% senior notes due 2048.

The notes are guaranteed by Willis North America's parent, Willis Towers Watson, plc.

The outlook is stable.

Willis North America intends to use the net proceeds to partially repay existing debt obligations and for general corporate purposes, Fitch said.

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