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AXA Group 'AA-' Ratings Affirmed Following Review; Outlook Stable Feb 05
Standard & Poors, Feb 2005
Abstract
PARIS (Standard & Poor's) Feb. 7, 2005--Standard & Poor's Ratings Services said today it has affirmed its 'AA-' long-term counterparty credit and insurer financial strength ratings on the core insurance companies of Paris-based global insurance and asset management group AXA. At the same time, Standard & Poor's affirmed its 'A/A-1' counterparty credit ratings and its 'A' senior unsecured debt rating on AXA, the ultimate holding company of the group. The outlook on the core entities is stable. 'The ratings on the AXA group's core insurance companies reflect the group's very strong competitive position, very strong capitalization, strong earnings, and positive management and corporate strategy,' said Standard & Poor's credit analyst Laura Santori. AXA's competitive position is expected to improve, primarily...
Companies mentioned in this report are: AXA
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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