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Ratings on AXA Life Insurance and AXA Group Life Insurance Raised to 'AA'; Outlooks Stable Oct 01 Product Image

Ratings on AXA Life Insurance and AXA Group Life Insurance Raised to 'AA'; Outlooks Stable Oct 01

  • ID: 1859689
  • October 2001
  • Standard & Poors

Abstract
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,AXA Group Life Insurance Co.
Action: Upgraded

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.

AXA Life Insurance Co. Ltd.,AXA,AXA Group Life Insurance Co.

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