Fitch gives Aon subsidiary, notes BBB+

Fitch Ratings said it assigned a first-time long-term issuer default rating of BBB+ to Aon North America, Inc. and BBB+ ratings to the company’s senior unsecured notes. The outlook is negative.

Additionally, the agency said it affirmed the IDRs of Aon plc (Aon) and its related entities Aon Corp., Aon Global Holdings plc, and Aon Global Ltd. at BBB+. Fitch also affirmed the company's senior unsecured notes at BBB+ and its junior subordinated notes at BBB-. The outlook is negative.

The proceeds are expected to be used for general corporate purposes and M&A, including the purchase of NFP Corp.

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