Standard & Poor's Ratings Services said yesterday that it assigned its preliminary 'AA-' senior debt, 'A+' subordinated debt, and 'A' preferred stock ratings to Marsh & McLennan Cos.'s (NYSE:MMC) $3.0 billion universal shelf registration.
Standard & Poor's also said that it affirmed its 'AA-/A-1+' counterparty credit, 'AA-' senior debt, and 'A-1+' commercial paper ratings on MMC.
The outlook on MMC is stable.
MMC filed to offer up to $3.0 billion of securities under the shelf. Proceeds from a drawdown on the shelf will be used to retire debt obligations and for other general co...
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