AXA Bank Europe S.A. - S&P Global Ratings’ Credit Research

AXA Bank Europe S.A.

AXA Bank Europe S.A. - S&P Global Ratings’ Credit Research
AXA Bank Europe S.A.
Published Jul 31, 2013
1831 words — Published Jul 31, 2013
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Highly strategic status to the AXA insurance group. High regulatory capital ratios. Resilient asset quality in Belgium. Loss-making nondomestic lending activities. Structurally weak earnings generation capabilities and limited business diversification. Exposure to interest rate movements. The stable outlook on Belgium-based AXA Bank Europe S.A. (ABE) mirrors that on the French insurer AXA group (core operating subsidiaries' insurer financial strength rating A+/Stable/--). Any changes in the ratings or outlook on AXA group's core operating subsidiaries would trigger a parallel change on ABE. The stable outlook reflects Standard&Poor's Ratings Services' opinion that the AXA group's ongoing execution of its strategy will likely strengthen earnings retention, while its strong enterprise risk management (ERM) will likely maintain group risk exposures within tolerances.

  
Brief Excerpt:

RESEARCH AXA Bank Europe S.A. Publication date: 31-Jul-2013 Primary Credit Analyst: Nicolas Hardy, PhD, Paris (33) 1-4420-7318; nicolas.hardy@standardandpoors.com Secondary Contact: Aurelie Thiellet, Paris (33) 1-4420-7303; aurelie.thiellet@standardandp...

  
Report Type:

Full Report

Ticker
806257Z@BB
Issuer
AXA Bank Europe S.A.
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Structured Finance
Country
Belgium
Region
Europe, Middle East, Africa
Format:
HTML HTML
Buy Now

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Summary: AXA Bank Europe S.A. – 2013/07/31 – US$ 225.00

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "AXA Bank Europe S.A." Jul 31, 2013. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/AXA-Bank-Europe-S-A-1170932>
  
APA:
S&P Global Ratings’ Credit Research. (). AXA Bank Europe S.A. Jul 31, 2013. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/AXA-Bank-Europe-S-A-1170932>
  
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