S&P Lowers Willis Ratings to ‘BBB-‘; Outlook Negative

June 10, 2008

  • June 10, 2008 at 1:27 am
    HuRraH says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    When we listened in on the analyst and corporate calls yesterday, I was wondering how we were going to service all that debt being assumed just to buy the firm.

    Apparently others had the same question.

  • June 10, 2008 at 3:22 am
    Danny says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    If the numbers are correct this is a great deal for Willis…It would take them 10 years to write this much business..I see no reason for the downgrade if the debt ratio’s are good. All S&P did was up the money cost for Willis…Thanks a lot..

  • June 10, 2008 at 5:53 am
    Acquisition Watcher says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    So when are the carriers going to start acquiring? This is getting sort of boring, waiting for some splash in the market. We have too many carriers, and if anybody is going to grow, then they must buy. Unless of course you are Indiana Insurance, in which case, you have no underwriting discipline and you write anything at any price.



Add a Comment

Your email address will not be published. Required fields are marked *

*