- Language: English
- Published: October 2012
Research Update: Allianz 'AA/A-1+' Affirmed On Solid Insurance And Asset-Management Business; Outlook Stable Jul 08
- ID: 1885714
- July 2008
- Standard & Poors
On July 29, 2008, Standard & Poor's Ratings Services affirmed its 'AA' long-term counterparty credit and insurer financial strength ratings on Germany-based Allianz SE (AZSE) and various core operating entities. At the same time, Standard & Poor's affirmed its 'A-1+' short-term ratings on AZSE and various core operating subsidiaries. The outlook on all entities is stable. The affirmation reflects the Allianz group's global franchise, with leading positions in major markets, very strong operating performance in its insurance and asset-management activities, and very strong financial flexibility. Repeated setbacks at Allianz's banking subsidiary, Dresdner Bank AG (Dresdner; A/Negative/A-1), the bank's significantly weakened earnings prospects, and the resulting pressure to reduce the group's banking exposure, are offsetting factors. AZSE boasts a highly diversified...
Action: Outlook: Stable
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Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases. SHOW LESS READ MORE >
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- Dresdner U.S. Finance Inc.
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- Allianz Elementar Lebensversicherungs AG
- Dresdner Funding Trust I
- Allianz Finance II B.V.
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