Rating agencies said Willis insurance brokerage's withdrawal of its $300 million bond offering would have no effect on the company's rating.
Yesterday, Willis in London said it would not proceed with the bond offering by its subsidiary, Willis North America Inc.
Standard & Poor's and Moody's Investors Service, both rating services based in New York, withdrew their ratings on the bond and said current ratings on the company as a whole would be unaffected.
Willis announced earlier this week that its public offering of $300 million Senior Notes would be at 6.75 percent due 2016.
The firm gave no reason for the withdrawal.
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