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.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- 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
© 2025 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.
