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Fitch to give Aon notes BBB+
Fitch Ratings said it expects to assign a BBB+ rating to the $250 million 30-year senior unsecured notes issuance planned by Aon plc.
Fitch said Aon Corp. fully and unconditionally guarantees the new notes and the ratings are therefore based on Aon Corp.'s existing BBB+ issuer default rating.
The net proceeds from this new senior debt issuance will refinance outstanding commercial paper primarily used to refinance $225 million of senior unsecured debt that matured in December 2012.
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