Aon Corporation’s senior debt rating was downgraded from “AA-” to “A+” by Fitch. Also downgraded were Aon’s commercial paper from “F1+” to “F1.” The rating actions followed Aon’s Nov. 2 announcement of plans to implement a business transformation plan, with which, Fitch indicated, the company’s recent decline in cash flow coverage ratios are unlikely to improve in the near term. The rating outlook is stable.
Topics Aon
Was this article valuable?
Here are more articles you may enjoy.
Zurich Insurance Completes Acquisition of Beazley, Names New Beazley CEO 
Hackers Breached Propulsion System of US-Bound Oil Tanker 
Union Pacific Railroad Fined $304K for Firing Employee During Severe Weather 
Another Crane, Then Another, Collapses Onto Home in Fort Lauderdale From This Issue
