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AXA Seguros S.A. de C.V. 'BBB+' Rating Affirmed; Outlook Stable
Standard & Poors, May 2011
Abstract
AXA Mexico is a strategically important subsidiary to France-based AXA Group. We are affirming our 'BBB+' financial strength and counterparty credit ratings on AXA Mexico. We expect the company to benefit from AXA Group's strong enterprise risk management (ERM), and improve its operating performance. MEXICO CITY (Standard & Poor's) May 10, 2011--Standard & Poor's Ratings Services said today that it affirmed its 'BBB+' global-scale and 'mxAAA' national-scale financial strength and long-term counterparty credit ratings on AXA Seguros S.A. de C.V. (AXA Mexico). The outlook is stable. 'The affirmation reflects AXA Mexico's good competitive position and well-diversified portfolio by clients and lines of business,' said Standard & Poor's credit analyst Alfredo Calvo. We consider this entity a strategically important subsidiary to...
Companies mentioned in this report are: AXA Seguros S.A. de C.V.,AXA Group
Action: Affirmed
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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