Fitch gives Willis North America notes BBB

Fitch Ratings said it assigned a senior unsecured debt rating of BBB to Willis North America Inc.'s new issue of $650 million senior notes due 2024.

The notes are guaranteed by parent Willis Towers Watson, plc.

Willis North America intends to use the net proceeds to partially repay amounts outstanding under Willis Towers’ $1.25 billion revolving credit facility.

Fitch affirmed Willis Towers’ ratings on April 13.

The outlook is stable.

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