Moody’s rates Willis notes Baa3

Moody's Investors Service said it assigned a Baa3 rating to $750 million of five-year guaranteed senior unsecured notes being issued by Willis North America Inc., a wholly owned subsidiary of Willis Towers Watson plc. The notes will be supported by guarantees from various holding companies within the group.

The agency affirmed Willis Towers Watson’s Baa3 senior debt ratings on Tuesday.

Willis Towers Watson intends to use the proceeds to repay €540 million of guaranteed notes maturing in May 2022, and for general corporate purposes.

The outlook remains positive.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.