Fitch Rates Willis North America's new notes BBB

Fitch Ratings said it assigned a senior unsecured debt rating of BBB to Willis North America Inc.'s new issue of $450 million 2.95% senior notes due 2029 and $550 million 3.875% senior notes due 2049.

Proceeds will be used to prepay principal under the term loan facility and under the revolver as well as for general corporate purposes.

The notes are guaranteed by Willis Towers Watson plc, Willis Towers Watson Sub Holdings Unlimited Company, Willis Netherlands Holdings BV, Willis Investment UK Holdings Ltd, TA I Ltd., Willis Towers Watson UK Holdings Ltd., Trinity Acquisition plc and Willis Group Ltd.

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