DUFF & PHELPS: AON CORPORATION $250 MILLION SHELF REGISTRATION RATED 'AA'
CHICAGO, May 11 /PRNewswire/ -- Duff & Phelps Credit Rating Co. has assigned a preliminary `AA' senior debt rating to Aon Corporation's (Aon) $250 million all purpose shelf registration. The net proceeds from the sale of securities will be used for general corporate purposes, including the refinancing of the company's 8 1/2 percent notes due June 15, 1996, that will be redeemed June 15, 1993, for 100 percent of the $100 million principal amount, plus accrued interest. The debt securities will be unsecured obligations and will rank equally and ratably with other unsecured and unsubordinated indebtedness of Aon. This shelf rating is the same as that assigned to Aon's outstanding senior debt. -0- 5/11/93 /CONTACT: Martha M. Butler, CFA of Duff & Phelps Credit Rating Co., 312-368-3191/ (AOC)
CO: Aon Corporation ST: IN: INS SU: RTG
SB -- NY049 -- 7063 05/11/93 12:27 EDT
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|Date:||May 11, 1993|
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