Moody’s assigns Willis notes Baa3

Moody's Investors Service said it assigned a Baa3 rating to $750 million of 10-year guaranteed senior unsecured notes being issued by Willis North America Inc., a wholly owned subsidiary of Willis Towers Watson plc. Various holding companies in the group will guarantee the notes.

The rating is the same as Moody’s on Willis North American’s outstanding senior unsecured notes.

WTW intends to use the proceeds to repay $250 million of guaranteed notes maturing in August 2023 and for general corporate purposes.

The outlook for WTW is unchanged at positive.

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