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Allianz Outlook Revised To Negative On Pressured Capitalization; 'AA' Ratings Affirmed Jan 12
Standard & Poors, Jan 2012
Abstract
Financial market developments in the second half of 2011 and increased credit risk in the eurozone have weakened Allianz group's risk-adjusted capital adequacy to a level close to our minimum expectations for the current rating. We are revising the outlook on Allianz SE, its related core subsidiaries, and several strategically important subsidiaries to negative to reflect the risk of further pressure on their capitalization. We are removing the ratings from CreditWatch, where they were placed with negative implications on Dec. 9, 2011. We are affirming the 'AA/A-1+' long- and short-term counterparty credit and insurer financial strength ratings on Allianz SE and its related core entities as well as the 'AA-' ratings on several strategically important subsidiaries on the basis of...
Action: Affirmed
Action: Outlook: Negative
Action: Removed From CreditWatch
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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