S&P Revises MMC Outlook
NU Online News Service, Nov. 5, 12:40 p.m. EST?New York City-based Standard & Poor's Rating Services has revised its outlook on Marsh & McLennan Companies to negative from stable and affirmed its double-A-minus/A-plus counterparty credit rating on the company.
"The revised outlook reflects Standard & Poor's concern that the adverse effect of the highly publicized legal actions instituted by the State of Massachusetts and the SEC against its subsidiary, Putnam Investments, might, over the long term, weaken Putnam's strong business position," said Steven Ader, S&P credit analyst, in a statement.
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