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.
Fund Trying to Turn New Mexico Desert into an Advanced Tech Hub 
US Offers $20 Billion Reinsurance Plan to Spur Gulf Oil Flow 
CRC Group CEO on Casualty: ‘It’s More About the Coverage’ Than Price 
Dubai Flights Disrupted After Drones Injure Four Near Main Airport From This Issue
