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Article: A.M. Best Affirms Rating of Allianz; Assigns Negative Outlook.
- Article from:
- Business Wire
- Article date:
- September 20, 2002
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Business Editors
OLDWICK, N.J.--(BUSINESS WIRE)--Sept. 20, 2002
A.M. Best Co. has affirmed the financial strength rating of A++ (Superior) of Allianz Aktiengesellschaft and its core entities (see list below) and assigned a negative outlook.
At the same time A.M. Best has affirmed Allianz's debt ratings of "aa+" and assigned a negative outlook.
The negative outlook reflects A.M. Best concerns that an accumulation of adverse developments will further deteriorate Allianz's consolidated earnings and, therefore, may ultimately affect Allianz's still superior capitalisation. The adverse developments include the ongoing restructuring of ...