Moody's puts Willis' debt rating on negative watch following Gras Savoye deal
Moody's Investors Service has revised the outlook on the BAA3 senior unsecured debt rating of Willis Group and its subsidiaries to negative from stable.
The rating action follows Willis's offer to acquire the remaining 70% it does not currently own of French broker Gras Savoye for cash of approximately €550m (including the repayment of third-party
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