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Moody's affirms Allianz
Moody's Investors Service said it affirmed the Aa3 debt ratings of Allianz SE, following the announcement of year-end 2008 results.
The outlook remains stable.
Allianz's core operations, in particular the non-life insurance divisions, are robust and delivered a strong level of profitability in 2008, according to the agency.
The group's asset management business has suffered from the turmoil in investment markets and falling asset values, but net income remained positive, the agency noted.
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