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.
Four Georgia Troopers Fired in Vehicle Pursuit-Insurance Scheme 
Oil Trader CFOs Say Hormuz Closure Driving Wave of Disputes 
Amish Mother and 6 Children Killed in Explosion and Fire at Pennsylvania Home 
State Farm Agrees to $15M Settlement for Underpaid Vehicle Claims From This Issue
