S&P rates Aon notes A-

S&P said it assigned its A- senior unsecured debt rating to Aon Corp.'s proposed senior unsecured note issuance.

Aon will use the proceeds to pay down a portion of outstanding commercial paper ($546 million outstanding as of Sept. 30, 2019) and for general corporate purposes.

“Given the use of proceeds, we expect this issuance to be essentially leverage neutral,” said S&P in a press release.

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