Moody’s rates Allianz SE debt A2(hyb)

Moody’s Investors Service said it assigned an A2(hyb) rating to the €1 billion subordinated debt issued by Allianz SE.

The rating is consistent with the agency’s standard notching practices for debts issued by insurance operating companies. The rating also considers the subordination of the bond, the optional and mandatory, based on breach of regulatory capital requirements, coupon skip mechanisms and the cumulative nature of deferred coupons, the agency said.

© 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.