S&P: Kroll on positive watch

Standard & Poor's said it placed its ratings on Kroll Inc., including its BB- corporate credit rating and B subordinated rating, on CreditWatch with positive implications following Marsh & McLennan Cos.' (AA-/Watch negative/A-1+) announcement that it intends to acquire Kroll for $1.95 billion in cash, with a significant portion to be financed by prospective debt transactions.

In resolving the CreditWatch listing for Kroll, S&P said it will review the terms of the transaction, in particular, Marsh & McLennan's intentions with regard to the existing debt of Kroll.

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