Moody’s raises AXA’s insurance financial strength rating to Aa2 with stable outlook

Moody’s Ratings, a provider of credit ratings, research, and risk analysis, announced that it has upgraded the insurance financial strength rating of AXA SA to Aa2 from Aa3.AXA, an insurance and asset management group, now carries a stable outlook following the change, reflecting Moody’s view of the company’s reinforced business profile, improved profitability, and robust capital position.According to Moody’s, all of AXA’s debt ratings were also raised by one notch as part of the review, with upgrades appli ...