AXA: S&P confirms its rating

(Boursier.com) — S&P Global Ratings confirms the long-term financial strength and issuer credit ratings ofAXA to “A+”. The outlook is ‘stable’, reflecting the agency’s view that, “over the next two years, the insurer will continue to grow its underlying earnings, maintain a combined ratio of 95% or less and a return on equity (ROE) above 10%, and its capital adequacy at least at the level of 99.8% according to our capital model.”