Fitch rates Trinity debt BBB-

Fitch Ratings said it assigned ratings of BBB- to the new senior debt offerings of Trinity Acquisition plc, an indirect wholly owned subsidiary of Willis Group Holdings plc.

The ratings for the new issues, which will be fully and unconditionally guaranteed by all of Trinity's direct and indirect parent entities, are equivalent to the ratings on Willis' existing debt.

Trinity intends to use the net proceeds of the offering, which includes $250 million of 4.625% senior unsecured notes due Aug. 15, 2023 and $275 million of 6.125% senior unsecured notes due Aug. 15, 2043, to help fund the previously announced tender offers of Willis North America Inc.

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