...MILAN (S&P Global Ratings) June 6, 2018--S&P Global Ratings said today that its '##-' issuer credit and insurer financial strength ratings on the entities we view as core or highly strategic to France-based insurance group AXA remain on CreditWatch with negative implications. Our 'A' long-term and 'A-1' short-term issuer credit ratings on AXA, the group's holding company, along with all our issue ratings on AXA's debt, also remain on CreditWatch with negative implications. We originally placed the ratings on AXA group and its core and highly strategic subsidiaries on CreditWatch negative on March 6, 2018 (see "AXA Insurance Group On CreditWatch Negative On Announcement Of Bid For XL Insurance Group," published on RatingsDirect). We expect to resolve the CreditWatch in the next few weeks. We will take into account the placement of shares of about 35% of AXA Equitable Holdings (EQH) through an IPO and a mandatory convertible bond, the unwinding of intragroup loans between AXA and EQH, and...
