Fitch Downgrades Marsh & McLennan Again
NU Online News Service, Dec. 20, 9:42 p.m. EST?Fitch Ratings said it has downgraded the senior debt rating for Marsh & McLennan Companies to "triple-B-minus' from "triple-B", citing a material decline in the firm's franchise value and falling brokerage margins.[@@]
Profits could drop steeply over the next 18 months Fitch suggested.
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