Standard & Poor’s (S&P) has raised its corporate credit and senior unsecured debt ratings on Willis Towers Watson from “BBB-” to “BBB”.
Laline Carvalho, credit analyst at S&P, commented: "The upgrade follows the closing of the merger on 4 January 2016, and our view that the merged group will benefit from a strong business risk profile reflecting a wider array of products, a strong global footprint, and larger market presence."
S&P has also removed Willis Towers Watson from CreditWatch with developing implication, after the rating agency placed the companies on the list on 30 June 2015, when Willis announced the merger of equals with Towers Watson.
According to S&P, the stable outlook reflects its expectation that the group will capitalise on its increased product offerings and global footprint.
