M&M Off Of S&P CreditWatch
NU Online News Service, March 25, 3:42 p.m. EST?Standard & Poor's Rating Services said it took Marsh & McLennan Cos. ratings off the CreditWatch status where they had been placed since Oct. 15, 2004, citing "recent favorable developments" at the firm.[@@]
The ratings agency affirmed its "triple-B" counterparty credit and senior unsecured debt ratings, as well as "A-2" commercial paper ratings, of Marsh & McLennan. The ratings outlook, however, is "Negative."
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