Moody's said it would continue its review for the possible downgrade of the long-term and short-term credit ratings of Marsh & McLennan Companies (MMC).

The ratings agency said MMC's agreement with a group of arranging banks to extend its long-term loan facility to $2.7bn would not signal a ratings change.

But, it said, the ratings would remain under review and "could be lowered further as MMC's circumstances evolve in the short term".

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