Fitch ups Marsh & McLennan

Fitch Ratings said it upgraded Marsh & McLennan Cos., Inc.'s long-term issuer default rating and senior unsecured debt ratings to A- from BBB+.

The agency also affirmed Marsh & McLennan’s short-term ratings at F2.

The outlook is stable.

Fitch said the upgrade reflects Marsh & McLennan’s continued trend of improved operating performance and stronger credit metrics that has persisted for several years. The company has met all of Fitch's prior upgrade rating triggers and has exceeded expectations on an absolute basis and relative to peers.

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