|
|
 |
|
Viewing report
|
|
|
|
AXA's Core Units Upgraded To 'AA' On Smooth Integration, Stronger Business; Outlook Stable Jun 07
Standard & Poors, June 2007
Abstract
PARIS (Standard & Poor's) June 11, 2007--Standard & Poor's Ratings Services said today that it raised its long-term counterparty credit and insurer financial strength ratings on the core subsidiaries of France-based global insurance and asset management group AXA to 'AA' from 'AA-', reflecting the successful integration so far of the Winterthur group, continuous improvement of business fundamentals, and excellent enterprise risk management (ERM). At the same time, the long-term counterparty credit ratings on holding companies AXA and AXA Financial Inc. were raised to 'A+' from 'A' and the long-term counterparty credit and insurer financial strength ratings on Winterthur Swiss Insurance Co. were upgraded to 'AA' from 'A+' on its new core status to AXA group. The outlook is stable on...
Companies mentioned in this report are: AXA,AXA Equitable Life Insurance Company,MONY Life Insurance Co.,AXA Versicherungen AG,National Mutual Life Association of Australasia Ltd. (The),AXA France IARD,AXA France Vie,AXA Insurance U.K. PLC,MONY Life Insurance Co. of America,AXA Financial Inc.,AXA Versicherung AG,AXA Belgium,AXA Lebensversicherung AG,AXA Life Insurance Co. Ltd.,AXA Krankenversicherung AG,Friends Life Company Ltd
Action: Outlook: Stable
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.
|
|
|
|
