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AXA Group Jun 08
Standard & Poors, June 2008
Abstract
Very strong competitive position Very strong earnings Excellent enterprise risk management 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. The AXA group benefits from a very strong competitive position as one of the world's leading financial providers, with sizable operations in most of the world's financial markets and an increasing presence in underdeveloped markets. Its superior geographic spread is complemented by business line diversification across life, property/casualty (P/C), and asset management,...
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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