NU Online News Service, July 13, 1:15 p.m. EDT
Two rating agencies affirmed the ratings on Aon Corp. after the Chicago-based insurance broker announced plans to acquire Hewitt Associates Inc. for $4.9 billion.
New York based rating agency Standard & Poor's Rating Services and Fitch Ratings in Chicago affirmed the ratings of Aon and said the outlook was stable.
"We believe the Hewitt acquisition will further bolster Aon's already strong global posture in the consulting area," said Neil Stein, creditor analyst for S&P in a statement. "In addition, we believe it will broaden and complement its overall business risk and earnings profile and create long-term operational synergies for the enterprise."
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