|
|
 |
|
Viewing report
|
|
|
|
Allianz M?xico Compa??a de Seguros S.A. Feb 12
Standard & Poors, Feb 2012
Abstract
Strategically importance to its parent company; Strict underwriting practices; Adoption of its parent's strong risk management practices; Strong capitalization; and Additional financial flexibility provided by its reinsurance program. Pressure on financial income from high volatility in the financial markets and low interest rates; Stiff competition in the Mexican insurance market; and The more challenging economic environment resulting from the expected global economic downturn. Standard & Poor's Ratings Services considers the insurance operations of Allianz M-xico Compa--a de Seguros S.A. (AZMX) as 'strategically important' to its ultimate parent, Allianz SE (AA/Negative/A-1+), under our group methodology ratings criteria. AZMX is important to the group's strategic expansion in Latin America. The ratings also reflect the company's 'adequate' financial risk profile, reflecting its 'strong'...
Companies mentioned in this report are: Allianz Mexico Compania de Seguros S.A.,Allianz SE,Mexico
Action: Review
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: Full Analysis
|
|
|
|
