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AXA Insurance U.K. PLC and AXA General Insurance Ltd. Outlook To Stable; 'A+' Ratings Affirmed Mar 05
Standard & Poors, March 2005
Abstract
LONDON (Standard & Poor's) March 18, 2005--Standard & Poor's Ratings Services said today it revised its outlook on U.K.-based non-life insurers AXA Insurance U.K. PLC and AXA General Insurance Ltd.--collectively known as AXAI--to stable from negative, reflecting improving operating performance and capitalization. At the same time, Standard & Poor's affirmed its 'A+' long-term counterparty credit and insurer financial strength ratings on both entities. The ratings reflect the strategic importance of AXAI to the AXA group (core entities are rated AA-/Stable), as well as its good competitive position. These positive factors are offset by AXAI's operating performance and capitalization, both of which are improving, but are still not in line with the rating category. 'The stable outlook reflects our expectation of...
Companies mentioned in this report are: AXA Insurance U.K. PLC,AXA,AXA General Insurance Ltd.
Action: Affirmed
Action: Outlook: Stable
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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