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AXA Life Insurance 'AA' Rating Affirmed; AXA Financial Life Rating Withdrawn On Merger Completion Oct 09
Standard & Poors, Oct 2009
Abstract
AXA Life and AXA Financial Life merged today and the combined company, AXA Life, started operations. Standard & Poor's affirmed its 'AA' financial strength and counterparty credit ratings on AXA Life, the merged entity, and withdrew its ratings on AXA Financial Life. The outlook on the ratings on AXA Life is negative, reflecting that on the other core operating entities within the AXA group. TOKYO (Standard & Poor's) Oct. 1, 2009--Standard & Poor's Ratings Services today affirmed its 'AA' financial strength and counterparty credit ratings on AXA Life Insurance Co. (AXA Life) and withdrew its financial strength and counterparty credit ratings on AXA Financial Life Insurance Co. Ltd. (AXA Financial Life). The outlook on AXA Life remains negative. The rating...
Companies mentioned in this report are: AXA Life Insurance Co. Ltd.,AXA,AXA Financial Life Insurance Co. Ltd.
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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