NEW YORK--(BUSINESS WIRE)--Fitch Ratings today published an Unrated Issuer Report (UIR) on Arthur J. Gallagher & Co. (AJG). UIRs provide analytical perspective and transparency on key issues that impact an organization's creditworthiness but without providing a credit rating or rating-like opinion.
The report highlights risks associated with AJG's recent acquisition activity and related increase in financial leverage, which Fitch considers the company's main credit issues. The report also includes a peer analysis. A summary of market-based indicators rounds out the UIR.
UIRs are not solicited by the issuer, and Fitch receives no compensation from the issuer for the provision of an UIR. While an UIR is typically based primarily on public information, Fitch analysts may ask questions of an issuer's management while preparing an UIR. The level of management participation, if any, can vary significantly from case to case.
Additional information is available at 'www.fitchratings.com'.
For more information on Unrated Issuer Reports please go to: http://www.fitchratings.com/web_content/product/unrated_reports.pdf.
Applicable Criteria and Related Research:
--'Arthur J. Gallagher & Co. Unrated Issuer Report' (July 2014);
--'2014 Outlook: U.S. Insurance Broker Industry (December 2013).
Applicable Criteria and Related Research: Arthur J. Gallagher & Co.
2014 Outlook: U.S. Insurance Broker Industry