S&P provides A- to Aon notes

Standard & Poor's said it assigned its A- senior unsecured debt rating to Aon plc's planned issuance of $500 million senior notes due 2025.

Aon will use the proceeds for general corporate purposes, including a portion to be used for refinancing its upcoming $500 million maturity due May 2016.

S&P does not expect financial leverage, which was 2.3 times as of year-end 2015, to change materially following the transaction. The company's credit-protection measures remain within expectations for the current rating.

S&P said Aon’s A- long-term corporate credit rating reflects its strong business risk profile and intermediate financial risk profile. The company derives its strong business position from its well-established and diversified global platform in its risk solutions and HR solutions segments.

The agency’s financial risk assessment includes its calculation of Aon's leverage in the intermediate category at 2.3 times as of year-end 2015.

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