Moody’s assigns Baa2 to Aon notes

Moody's Investors Service said it assigned a Baa2 rating to an issuance of 30-year senior unsecured notes by Aon plc (guaranteed senior unsecured debt Baa2).

The outlooks are stable.

The notes are being issued off Aon's multi-purpose shelf registration and will be guaranteed by its main U.S. subsidiary, Aon Corp. (guaranteed senior unsecured debt Baa2).

Net proceeds will be used for general corporate purposes, which may include, among other things, funding acquisition opportunities, repurchasing common shares and repayment of all or some of the company's $600 million of 3.5% senior notes due September 2015.

Moody’s said the ratings reflect Aon’s global market presence as one of the two largest insurance brokerage and consulting firms. Its risk solutions segment, accounting for about 65% of consolidated revenue, helps clients assess risks and mitigate them through insurance and reinsurance placements.

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