|
|
 |
|
Viewing report
|
|
|
|
AXA Group Outlook Revised To Negative On Prospects Of Lower Profits, Weaker Capital Adequacy; 'AA' Ratings Affirmed Feb 09
Standard & Poors, Feb 2009
Abstract
PARIS (Standard & Poor's) Feb. 19, 2009--Standard & Poor's Ratings Services said today that it has revised its outlook to negative from stable on France-based global multiline insurance group AXA, comprising its holding company and core operating entities. At the same time, we affirmed the 'AA' insurer financial strength and long-term counterparty credit ratings on the core operating entities and the 'A+' long-term counterparty credit rating on the holding company. We also affirmed the short-term counterparty credit ratings on the holding company and other entities of the group. 'The outlook revision reflects our view of prospects at AXA group for a material decline in profits over the medium term in its life and savings and asset management businesses, as well...
Companies mentioned in this report are: AXA
Action: Outlook: Negative
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.
|
|
|
|
