Moody’s assigns Baa2 to Aon notes

Moody's Investors Service said it assigned Baa2 ratings to up to $6 billion of backed senior unsecured notes being issued by Aon North America, Inc., The issuer is a wholly owned subsidiary of Aon plc.

The notes are being issued in multiple tranches from Aon's multi-purpose shelf registration and will be guaranteed by various holding companies within the group.

Aon plans to use the proceeds for general corporate purposes, including to help fund the acquisition of NFP Corp., repay certain debt, and pay related fees and expenses.

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