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.
Florida’s Unemployment Rate Is Surging Even as High-Profile Companies Move In 
Construction Firm Owner Charged With Workers’ Compensation Fraud 
North Carolina Becomes First State to Pass Outright Ban on Litigation Financing 
NAIC Victim of Cyber Incident Via PeopleSoft System From This Issue
