Standard & Poor's has lowered Aon's counterparty credit rating to from A- to BBB+. The ratings have been placed on CreditWatch with negative implications.
“The rating was lowered to reflect our revised expectations for Aon's earnings and cash flow given the recent announcement by various industry players that they are suspending market service agreements,” said S&P credit
analyst Steven Ader.
S&P said the suspension of MSA's would reduce Aon's ability to improve its operating and financial profiles.
