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A.M. Best Revises Outlook to Negative for AXA Financial, Inc. and Its Subsidiaries.

Publication: Business Wire
Publication Date: 12-JUN-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
OLDWICK, N.J. -- A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of "aa-" of certain life insurance subsidiaries of AXA Financial, Inc. (AXA Financial) (New York, NY) including its lead operating subsidiary, AXA Equitable Life Insurance Company (AXA Equitable) (New York, NY). Concurrently, A.M. Best has revised the outlook to negative from stable and affirmed the ICR of "a-" of AXA Financial and the group's existing debt ratings. AXA Financial is a subsidiary of AXA S.A. (Paris, France) (NYSE: AXA). (See below for a detailed listing of the companies and ratings.).

The revised outlook reflects the significant declines in assets under...

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