Moody’s downgrades MMC
Moody's Investors Service has announced that it has lowered the senior debt rating of Marsh & McLennan Companies to Baa2 from A3. The ratings remain under review for possible further downgrade.
According to Moody's, the downgrade primarily reflects the firm's reduced financial flexibility stemming from its diminished earnings capacity and the costs that are likely to be incurred by the firmOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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