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AXA Group Jun 07
Standard & Poors, June 2007
Abstract
Very strong competitive position Very strong earnings Excellent ERM Very strong capitalization Positive management and corporate strategy High level of intangibles on the balance sheet The ratings on the core insurance operating companies of the AXA group (see table 5) reflect its very strong competitive position and earnings, excellent enterprise risk management (ERM), as well as very strong capitalization, despite a high level of intangibles on the balance sheet. AXA's already very strong position as one of the world's leading financial services providers has improved further with the integration of the Winterthur group. It brings more distribution power and scale to markets where AXA is already present, and gives access to new markets such as Switzerland and Central and Eastern...
Action: Review
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: Full Analysis
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