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AXA & UAP Ins Grps Put On S&PWatch Re:Prop Merger-1 Nov 96
Standard & Poors, Nov 1996
Abstract
LONDON -- Standard & Poor's CreditWire 11/14/96 -- Following a formal announcement in Paris that AXA S.A. and Union des Assurances de Paris (UAP) insurance groups are proposing a full merger, Standard & Poor's has placed its ratings of both groups on CreditWatch (see table in part two of this release). For the AXA group, the double-`A' claims-paying ability rating of the AXA French Life Group, AXA French Non-Life, and AXA Reinsurance groups are placed on CreditWatch with negative implications. Also placed on CreditWatch with negative implications are the rated international subsidiaries including National Mutual Life Association of Australia Ltd. and the Equitable group of companies in the U.S., including its investment banking subsidiary, Donaldson, Lufkin, and Jenrette Inc. The...
Companies mentioned in this report are: AXA,AXA Re,AXA Group,AXA Corporate Solutions Reinsurance Co.,Portman Insurance Ltd.,AXA Insurance U.K. PLC,AXA-UAP French Non-Life Group,AXA-UAP French Life Group ,PARIS RE Asia-Pacific Pte. Ltd.,AXIVA S.A.,AXA Corporate Solutions Life Reinsurance Co.
Action: New Rating
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.
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