S&P warns Axa UK of possible downgrade
Rating agency Standard & Poor's has revised its outlook on Axa’s UK-based general insurance arm Axa Insurance to negative from stable. At the same time, S&P affirmed Axa Insurance’s 'A+' long-term counterparty credit and insurer financial strength rating.
"The outlook revisions reflect Standard & Poor's opinion that, given a likely deterioration of conditions in the UK insurance market going forward, Axa Insurance might not be able to recover itsOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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