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AXA Group Jun 09
Standard & Poors, June 2009
Abstract
Very strong competitive position Very strong financial flexibility Excellent enterprise risk management Positive management and corporate strategy Weakened capitalization Pressured operating performance The ratings on the core insurance operating companies of the France-based AXA group, shown in table 5 below, reflect its very strong competitive position and earnings, very strong financial flexibility, excellent enterprise risk management (ERM), and Standard & Poor's Ratings Services positive view on the group's management and corporate strategy. The current market environment, however, weighs substantially on AXA's capitalization and earnings prospects. The AXA group benefits from a very strong competitive position as one of the world's leading financial services providers, with sizable operations in most of the world's developed and emerging financial markets. Its geographic spread...
Companies mentioned in this report are: AXA France IARD,AllianceBernstein L.P.,AXA
Action: Review
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: Full Analysis
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