|
|
 |
|
Viewing report
|
|
|
|
AXA Financial Inc. Assigned 'A+' Senior Debt Rtg; Equitable Life Assurance Society Rtgs Aff'd Jul 00
Standard & Poors, July 2000
Abstract
NEW YORK (Standard & Poor's CreditWire) July 26, 2000--Standard & Poor's today assigned its single-'A'-plus senior debt rating on AXA Financial Inc.'s (AXA Financial) $480 million 10-year unsecured notes. At the same time, Standard & Poor's affirmed its double-'A' counterparty credit and financial strength, single-'A-1' commercial paper, single-'A-1' short-term counterparty credit, and single-'A'-plus subordinated debt ratings on Equitable Life Assurance Society of the U.S. (Equitable Life). The outlook is stable. The proceeds from the notes will be used to refinance the $1.45 billion short-term bridge loan in connection with the recently announced acquisition by AXA Financial and Alliance Capital Management L.P. (Alliance) of Sanford C. Bernstein Inc. Standard & Poor's expects AXA Financial to substantially pay down the short-term bridge...
Companies mentioned in this report are: AXA Financial Inc.,AXA Equitable Life Insurance Company,AXA Group,AllianceBernstein L.P.,AXA
Action: Various Rating Actions
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.
|
|
|
|
