Fitch gives A- to Marsh & McLennan notes

Fitch Ratings said it assigned a senior unsecured debt rating of A- to Marsh & McLennan Cos., Inc.'s new issue of $600 million 3.75% senior notes due 2026.

The agency also affirmed Marsh & McLennan’s long-term issuer default rating and existing senior unsecured debt ratings at A-, and short-term ratings at F2.

The outlook is stable.

Fitch expects the company to use the net proceeds for general corporate purposes. Its debt maturities remain well laddered and interest expense remains manageable as Marsh & McLennan was able to take advantage of the current low rate environment.

The agency expects that Marsh & McLennan’s key credit ratios will continue to approximate recent levels over the next 12 to 24 months.

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