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Allianz AG Outlook To Positive; 'AA-/A-1+' Ratings Affirmed; Dresdner Ratings Raised To 'A+' Apr 06
Standard & Poors, April 2006
Abstract
FRANKFURT (Standard & Poor's) April 20, 2006--Standard & Poor's Ratings Services said today it revised its outlook on Germany-based Allianz AG and various related entities to positive from stable. At the same time, the 'AA-/A-1+' long-term and short-term counterparty credit ratings and the 'AA-' insurer financial strength ratings on AZAG and various related operating entities were affirmed. In addition, Standard & Poor's upgraded its long-term counterparty credit rating on Germany-based Dresdner Bank AG to 'A+' from 'A' and affirmed the 'A-1' short-term counterparty rating. The outlook on the bank is stable (see separate Research Update entitled 'Germany's Dresdner Bank Ratings Upgraded To 'A+/A-1' On Improved Risk Profile; Outlook Stable' published on April 20, 2006, on RatingsDirect, Standard & Poor's Web-based...
Companies mentioned in this report are: Allianz SE,Dresdner Bank AG
Action: Affirmed
Action: Outlook: Positive
Action: Upgraded
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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