TEXT - S&P comments on Willis Group Holdings PLC
December 20, 2012 at 10:10 AM EST
Dec 20 - Standard & Poor's Ratings Services said today that its ratings on Willis Group Holdings PLC (Willis; BBB-/Stable/--) are unchanged following the company's announcement of charges related to goodwill impairment and change in remuneration policy, both of which are noncash items and will be reflected in 2012 financials. The goodwill impairment charge is in the after-tax range of $450 million-$500 million and is primarily related to the company's North American business. Willis acquired Hil