The long-term impact of Spitzer's investigation into practices employed by Marsh & McLennan could be positive, Standard & Poor's claimed.
Until the nature of Spitzer's investigations is clarified, S&P said it would be unable to comment specifically.
It did, however, suggest the long-term impact would be positive, creating a more competitive and stable market.
The complaint filed draws attention to the practice of contingent commissions, and raises questions about bid rigging and tying at MMC.
S&P's property and casualty ratings team leader Thomas Upton said the impact on Marsh and some other companies would be negative to some extent in the short term.
“The question is ‘how negative?'” said Upton. “The answer unfortunately, could ultimately take some time to establish.”
