S&P: Aon unchanged

Standard & Poor's said that Aon Corp.'s (BBB+/positive/A-2) announcement of its sale of the Aon Warranty Group for $710 million will have no impact on the rating.

The agency noted that Aon's strong competitive position is derived from its very strong and well-established global presence in the insurance brokerage industry.

S&P added that the ratings on Aon are supported by its strong competitive position, materially improved operating performance and strong liquidity, noting that these strengths are somewhat offset by the company's operating performance and financial profile, which have only recently improved.

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