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NFP Corp.: Ratings affirmed following announced acquisition by Aon; ou...

Our credit view of this issuer reflects its expertise in insurance brokers and good profitability offset by high financial leverage and integration risk associated with acquisitions.

Moody’s affirms NFP Corp.’s ratings (corporate family B3) following an...

New York , December 20, 2023 – Moody's Investors Service (Moody's) has affirmed the B3 corporate family rating and B3-PD probability of default rating of NFP Corp. (NFP) following the announced acquisition by Aon Plc (NYSE: AON), a leading global provider of risk, health and retirement solutions, fo...

Moody’s rates NFP’s new senior secured notes B1

Company issuing $350 million of senior secured notes; total credit facilities and notes at $5.6 billion New York , September 11, 2023 - Moody's Investors Service (Moody's) has assigned a B1 rating to $350 eight-year senior secured notes being issued by NFP Corp. (NFP, corporate family rating B3). Th...

NFP Corp.: Update following rating affirmation; outlook negative

Our credit view of this middle market insurance broker reflects its successful growth and diversification strategy offset by weak operating cash flow and elevated financial leverage.

Moody’s affirms NFP’s B3 corporate family rating, maintains negative o...

Rated credit facilities and notes total $5.3 billion New York , December 16, 2022 – Moody's Investors Service (Moody's) has affirmed the B3 corporate family rating and B3-PD probability of default rating of NFP Corp. (NFP). The rating agency also affirmed the B1 ratings on NFP's revolving credit fac...

Moody’s rates NFP’s new senior secured notes B1

Company issuing $350 million of senior secured notes; total credit facilities and notes at $5.3 billion New York , August 8, 2022 – Moody's Investors Service ("Moody's") has assigned a B1 rating to $350 million of eight-year senior secured notes being issued by NFP Corp. (NFP, corporate family ratin...

NFP Corp.: Middle market broker focused on building scale in P&C throu...

Our credit view of this issuer reflects its healthy, stable EBITDA margins, offset by elevated financial leverage and increased integration risk associated with its acquisition strategy.

Moody’s says NFP’s ratings unchanged following announcement of increme...

Company adding $300 million to existing senior unsecured notes New York , January 12, 2022 – Moody's Investors Service says the B3 corporate family rating and B3-PD probability of default rating of NFP Corp. (NFP) remain unchanged following the company's announcement that it plans to issue an...

Moody’s says NFP’s ratings unchanged following announcement of increme...

Total credit facilities and notes at $4.7 billion New York , September 22, 2021 – Moody's Investors Service is maintaining the B3 corporate family rating and B3-PD probability of default rating of NFP Corp. (NFP) following the company's announcement that it plans to issue an incremental $225 ...

NFP Corp.: Update following rating affirmation, outlook to negative

Our credit view of NFP reflects its healthy revenue growth and good EBITDA margins offset by consistently high financial leverage and low interest coverage.

Moody’s affirms NFP Corp.’s ratings (corporate family B3) following an...

Company announces $400 million distribution to shareholders New York , June 30, 2021 – Moody's Investors Service ("Moody's") has affirmed the B3 corporate family rating and B3-PD probability of default rating of NFP Corp. (NFP) following the company's announcement of a $400 million distributi...

Moody’s rates NFP’s senior secured notes B1 on refinancing announcemen...

Company issuing $325 million of senior secured notes; total credit facilities and notes at $4.3 billion New York , May 20, 2021 – Moody's Investors Service has assigned a B1 rating to $325 million of seven-year senior secured notes being issued by NFP Corp. (NFP, corporate family rating B3). ...

Moody's announces completion of a periodic review of ratings of NFP Co...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of NFP Corp.. Global Credit Research- 06 Apr 2021. New York, April 06, 2021-- Moody's Investors Service has completed a periodic review of the ratings of NFP Corp. and other ratings that are associated with the same analytical unit.

Moody’s says NFP Corp’s ratings unchanged following announcement of se...

Company adding $300 million to existing senior unsecured notes, raising total outstanding notes to $1,775 million New York , December 11, 2020 – Moody's Investors Service said the ratings of NFP Corp. (corporate family rating B3) remain unchanged following the company's announcement that it i...

Moody’s affirms NFP’s B3 corporate family rating, upgrades senior secu...

Rating Action:  Moody’s affirms NFP’s B3 corporate family rating, upgrades senior secured facilities to B1 from B2, outlook stable 16 September 2020 Funding mix change causes upgrade; over $4 billion of rated credit facilities and notes New York, September 16, 2020 -- Moody’s Investors Service has affirmed the B3 corporate family rating and B3-PD probability of default rating of NFP Corp. (NF

Moody’s rates NFP’s senior unsecured notes Caa2 on refinancing ann...

Company issuing $1.25 billion of senior unsecured notes; total credit facilities and notes at $3.8 billion New York , July 30, 2020 – Moody's Investors Service has assigned a Caa2 rating to $1.25 billion of eight-year senior unsecured notes being issued by NFP Corp. (NFP, corporate family rat...

Moody’s rates NFP’s senior unsecured notes Caa2 on refinancing ann...

Company issuing $1.25 billion of senior unsecured notes; total credit facilities and notes at $3.8 billion New York , July 30, 2020 Moody's Investors Service has assigned a Caa2 rating to $1.25 billion of eight-year senior unsecured notes being issued by NFP Corp. (NFP, corporate family rat...

NFP Corp.: New senior notes boost liquidity to manage economic downtur...

Our credit view of NFP highlights the company’s good geographic footprint, healthy EBITDA margins, and solid liquidity, offset by aggressive financial leverage.

Moody’s rates NFP’s senior secured notes B2

Company issuing $300 million of senior secured notes; total credit facilities and notes increase to nearly $3.8 billion NOTE: On May 8, 2020, the press release was corrected as follows: before the methodology paragraph, under NFP ratings that remain unchanged, the maturity date for the $305 mil...

Moody’s rates NFP’s senior secured notes B2

Company issuing $300 million of senior secured notes; total credit facilities and notes increase to nearly $3.8 billion New York , May 4, 2020 – Moody's Investors Service has assigned a B2 rating to $300 million of five-year senior secured notes being issued by NFP Corp. (NFP, corporate fami...

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