Research Update: Allianz Outlook Revised To Negative On Pressured Capitalization; 'AA' Ratings Affirmed Jan 12
- Language: English
- Published: January 2012
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
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.
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 >
- Allianz SE
- Dresdner Bank AG
- Dresdner U.S. Finance Inc.
- Allianz Vie
- Allianz IARD
- Allianz France
- Allianz Life Insurance Co. of North America
- Allianz Life Insurance Co. of New York
- Allianz Global Risks U.S. Insurance Co.
- Allianz Underwriters Insurance Co.
- AGF - Assurances Generales de France CASH (SNC)
- Allianz Versicherungs AG
- Allianz Global Corporate & Specialty (France)
- Allianz Global Corporate & Specialty AG
- Allianz SpA
- Allianz Elementar Versicherungs - AG
- Allianz Lebensversicherungs Aktiengesellschaft
- Allianz Private Krankenversicherungs - AG
- Allianz Elementar Lebensversicherungs AG
- Dresdner Funding Trust I
- Allianz Finance II B.V.
- Allianz Finance Corp.
- HT1 Funding GmbH
- UT2 Funding PLC