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Article: A.M. Best Affirms Ratings of Allianz Aktiengesellschaft and Its Rated Subsidiaries.
- Article from:
- Business Wire
- Article date:
- August 3, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) and the issuer credit ratings of "aa-" of Allianz Aktiengesellschaft (Allianz AG) (Germany) and its subsidiaries. Concurrently, A.M. Best has affirmed the "aa-" ratings on senior debt and assigned, affirmed or downgraded the "a"or "a+" ratings of the subordinated debt, both guaranteed by Allianz AG. (See below for a complete list of ratings.) The outlook on all ratings has been revised to stable from negative.
The rating reflects A.M. Best's view that Allianz's focus on sustainable earnings through operating efficiency and competitiveness as part of the "three plus one" ...