- Language: English
- Published: June 2012
- Region: France
Rtgs on Allianz AG and Units Cut to 'AA+' and Off Watch After Dresdner Acquisition Approved Jul 01
- Published: July 2001
- Standard & Poors
LONDON (Standard & Poor's CreditWire) July 23, 2001--Following the closure and EU approval of Allianz AG's acquisition of Dresdner Bank AG (AA-/Stable/A-1+), Standard & Poor's today lowered its long-term ratings on Munich-based Allianz and various related entities one notch, predominantly to double-'A'-plus from triple-'A'. The ratings were also removed from CreditWatch, where they had been placed on April 2, 2001, following the announcement that Allianz proposed to bid for Dresdner, to create an integrated financial services group. The outlook is stable. At the same time, Standard & Poor's affirmed its 'A-1'-plus short-term ratings on Allianz and its units. (See list below for all ratings.) Dresdner has a considerably weaker credit profile than the existing Allianz Group. Since it will represent...
Action: Downgraded, Off CreditWatch
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Research type: News
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- Allianz SE
- Dresdner Bank AG
- 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)
- Bayerische Versicherungsbank AG
- Allianz SpA
- Vereinte Versicherung AG
- Allianz Elementar Versicherungs - AG
- Frankfurter Versicherungs-AG
- Allianz Lebensversicherungs Aktiengesellschaft
- Allianz Private Krankenversicherungs - AG
- Vereinte Lebensversicherung AG
- Allianz Elementar Lebensversicherungs AG
- Allianz Finance B.V.
- Allianz Finance II B.V.