TOKYO (Standard & Poor's) Oct. 3, 2001--Standard & Poor's today raised its financial strength ratings and long term counterparty credit ratings to 'AA' from 'A+' on AXA's 96%-owned operating subsidiaries in Japan, AXA Life Insurance Co. and AXA Group Life Insurance Co., based on their core status within the AXA group. The outlooks on the ratings remain stable. While AXA Life and AXA Group Life exist as separate entities with different business focuses (AXA Life for retail businesses and AXA Group Life for group businesses), both operate under the management of AXA Insurance Holdings, forming an integrated operating unit in Japan within the AXA group. --Both companies operate in AXA's core business, life insurance. The AXA group intends to become...
Companies mentioned in this report are:
- AXA Life Insurance Co. Ltd.
- AXA Group Life Insurance Co.
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