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Standard & Poor’s Rating Services has revised its outlook on Aon Corp. to stable from negative, and affirmed its “triple-B-plus/A-2″ counterparty credit rating on the Chicago-based insurance broker.

“We revised the outlook to stable because we believe Aon will continue to be successful in implementing its revised business model,” said Steven Ader S&P’s credit analyst in a statement. “This model addresses the elimination of contingent-commission revenue, which was 15 percent of the company’s consolidated pretax income in 2004.”

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