Moody’s changes Marsh outlook
Moody's Investors Service has announced that it has changed the outlook on the A2 senior debt rating of Marsh & McLennan Companies, (Marsh) to negative, from stable, following the filing of a civil complaint by the Attorney General of the State of New York. The civil complaint arose from an investigation that began in April 2004 when the New York Attorney General issued subpoenas to several insurance brokers and insurance companies.
The subpoenas primarily related to an inquiry into market service and other similar agreements which compensate brokers for distribution and other services provided to insurance carriers.The civil
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