NU Online News Service, Sept. 23, 2:58 p.m. EDT
The announcement from Willis insurance brokerage of a bond-raising effort to pay down debt has led two rating agencies to revise the firm's outlook upwards.
News that the company planned to raise $300 million through bonds to pay off a $250 million bond used for an acquisition last year led Moody's and Standard & Poor's yesterday to change the Willis outlook from negative to stable.
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