2013-03-22 10:31:55 -
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of A+ (Superior) and issuer credit rating of "aa-" of Allianz IARD and Allianz Vie, the main subsidiaries of Allianz France SA (France), and the ICR of "a-" for Allianz France SA. The debt rating of "bbb+" on EUR 400 million 4.625% junior subordinated bonds due 2015 issued by Allianz France SA remains unchanged. The outlook for all ratings remains stable.
Concurrently, A.M. Best has withdrawn the ratings due to the companies’ request to no longer participate in A.M. Best’s interactive rating process.
The rating affirmations reflect the companies’ solid level of risk-adjusted capitalisation, strong business position in France and good track record of profitability. The ratings
for Allianz IARD and Allianz Vie also reflect their strategic importance in the Allianz group and the implicit support of Allianz Societas Europaea, which owns 100% of Allianz France SA.
The methodology used in determining these ratings is Best’s Credit Rating Methodology, which provides a comprehensive explanation of A.M.
Best’s rating process and contains the different rating criteria employed in the rating process. Key criteria utilised include “Understanding Universal BCAR”; “Risk Management and the Rating Process for Insurance Companies”; “Insurance Holding Company and Debt Ratings”; and “Rating Members of Insurance Groups”. Best’s Credit Rating Methodology can be found at www.ambest.com/ratings/methodology : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww ..
In accordance with Regulation (EC) No. 1060/2009, the following is a link to required disclosures: A.M.
Best Europe - Rating Services Limited Supplementary Disclosure : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww ..
A.M. Best Europe – Rating Services Limited is a subsidiary of A.M.
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