Moody’s gives Aon notes Baa2

Moody's Investors Service said it assigned a Baa2 rating to $350 million of 10-year senior unsecured notes being issued by Aon Corp.

The notes are being issued off Aon's multi-purpose shelf registration and will be guaranteed by Aon plc.

The company will use net proceeds of the offering to pay down a portion of outstanding commercial paper and for general corporate purposes.

The outlook is stable.

“Aon's ratings reflect its global market presence; diversification across clients, products and regions; and expertise in providing risk, retirement and health solutions to middle-market, national and global clients,” the agency said in a news release.

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