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Allianz Mexico Compania de Seguros S.A. Mar 05
Standard & Poors, March 2005
Abstract
Strategic fit with parent's strategy toward large industrial businesses Strong capitalization levels Positive trends in operating performance Lack of a consistent strategy toward personal lines The ratings on Allianz Mexico Compania de Seguros S.A. (AZMX) reflect the strategic fit with its holding company, Allianz of America (AZOA). Improving trends in operating performance and earnings generation capacity and superior capital strength support the rating level. As per its group rating methodology, Standard & Poor's Ratings Services considers AZMX strategically important to AZOA because of the following factors. AZMX operates in lines that fit the overall long-term insurance strategy. The business plan focuses on servicing commercial industrial businesses to large multinationals already covered by the Allianz group. The Allianz brand has been...
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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