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AXA Financial Inc. Ratings Affirmed; MONY Group Outlook Revised to Developing Sep 03
Standard & Poors, Sep 2003
Abstract
NEW YORK (Standard & Poor's) Sept. 18, 2003--Standard & Poor's Ratings Services said today that it affirmed its 'A' counterparty credit rating on AXA Financial Inc. (AFI) and its 'AA-' counterparty credit and financial strength ratings on AFI's subsidiaries--Equitable Life Assurance Society of the U.S. and Equitable of Colorado Inc.--after the announcement by AXA of its intention to have its U.S. subsidiary, AFI, acquire 100% of MONY. AXA will supply AFI with the cash to complete this transaction, which is valued at $1.5 billion. The outlook on these companies is stable. Standard & Poor's also said that it revised its outlook on MONY Group Inc. (MONY) and MONY's subsidiaries--MONY Life Insurance Co. and MONY Life Insurance Co. of America--to developing...
Companies mentioned in this report are: AXA Financial Inc.,AXA Equitable Life Insurance Company,MONY Life Insurance Co.,AXA,AXA Life and Annuity Company,MONY Life Insurance Co. of America,MONY Group Inc.
Action: Various Rating Actions
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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