S&P Lowers Ratings For Aon, Combined
NU Online News Service, Aug. 22, 10:35 a.m.EST?Standard and Poor's announced it has lowered theratings on Aon and the insurance broker's underwriting arm,Combined, citing short-term stress on the firm from its decisionnot to spin-off the insurer.
Declaring that it sees the Chicago-based firm's outlook asstable, the New York City-based rating service lowered its"counterparty credit rating" on Aon from ?A'/ ?A-1' to ?A'-minus/?A-2.' It also lowered Combined's "counterparty credit andfinancial strength ratings" from single-?A' to triple??B'?plus.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
