NU Online News Service, June 11, 12:05 p.m. EDT
Moody's Investors Service has affirmed the ratings of Marsh & McLennan Companies, Inc. following the announcement that MMC has agreed to sell Kroll Inc. to Altegrity, Inc. for $1.13 billion in cash.
Moody's said it expects that the New York-based parent company of insurance broker Marsh and reinsurance broker Guy Carpenter will use proceeds from the sale for general corporate purposes, such as debt reduction, acquisitions and contingencies.
The rating outlook for MMC is stable.
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