Moody's puts Willis debt on negative watch, citing 'aggressive' funding
Rating agency Moody's has put the ratings of Willis Group Holdings and its subsidiaries, including the Baa2 backed senior unsecured debt rating of Willis North America, under review for possible downgrade.
The rating action follows the announcement that Willis plans to acquire Hilb Rogal and Hobbs.
At a conference call on 9 June folowing the announcement of the deal, Willis senior management said that
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