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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.

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