Fitch views Arthur J. Gallagher positively

Fitch Ratings said it revised the outlook for Arthur J. Gallagher & Co. to positive from stable.

“The rating outlook has been revised to positive from stable to reflect Fitch's expectation gross leverage could be in the low/mid-2x range and improved FCF generation from recent years is expected to sustain in the future,” the agency said in a press release.

Fitch also affirmed BBB ratings on the issuer and the company's $1.2 billion senior unsecured revolver, its senior unsecured notes and private placement notes.

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