Moody's: Allianz view to stable

Moody's Investors Service said it affirmed the Aa3 insurance financial strength rating and the Aa3 senior debt rating of Allianz SE and changed the outlook to stable from negative.

At the same time, the agency affirmed the insurance financial strength rating, also with stable outlooks, of several of Allianz's operating insurance subsidiaries in Europe and the United States.

Moody's said the outlook change primarily reflects the reduction in sovereign risk in Europe, as evidenced by Moody's change in outlook of the Baa2 sovereign rating of Italy to stable from negative on Feb. 14. It also reflects the agency's expectations that Allianz will continue to report sound profitability metrics following its strong 2013 performance.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.