|
|
 |
|
Viewing report
|
|
|
|
BULLETIN: Proposed Merger Of Finaxa And AXA Will Not Affect AXA Counterparty Credit Ratings Apr 05
Standard & Poors, April 2005
Abstract
PARIS (Standard & Poor's) April 20, 2005--Standard & Poor's Ratings Services said today that it does not expect the proposed merger of Finaxa (not rated) into AXA (A/Stable/A-1) to affect the ratings on AXA, nor those on AXA's core operating entities. AXA is the parent holding company of Paris-based global insurance and asset management group AXA; Finaxa is a holding company whose main investment is its 17.36% shareholding in AXA. Standard & Poor's does not consider that the contemplated transaction will significantly change AXA's financial structure, or that the expected reduction of its shareholders' equity will be sufficient to have an impact on the ratings. GROUP E-MAIL ADDRESS InsuranceInteractive_Europe@standardandpoors.com...
Companies mentioned in this report are: AXA
Action: Bulletin
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.
|
|
|
|
