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S&P rates Aon notes A-
S&P said it assigned its A- senior unsecured debt rating to Aon Corp.'s proposed issuance of $300 million senior notes due 2028.
Aon will issue the notes with an unconditional and irrevocable guarantee from Aon plc.
Aon will use the proceeds to pay down a portion of outstanding commercial paper and for general corporate purposes.
“Given the use of proceeds, we expect this issuance to be largely leverage neutral,” the agency said in a news release.
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