FRANKFURT (S&P Global Ratings) Jan. 31, 2025--S&P Global Ratings today said it withdrew its ratings on two Allianz Group (AA/Stable/A-1+) programs: the €30 billion multi-issuer Euro Medium-Term Note (EMTN) program and the AGF - Assurances Generales de France CASH (SNC)'s €800 million commercial paper program. The withdrawals are at the issuer's request. We continue to rate all individual instruments outstanding under the respective programs. Furthermore, this withdrawal does not affect the ratings on any other program, any issue, or the issuer credit ratings on Allianz SE or related group entities. Criteria Insurance General: Insurer Risk-Based Capital Adequacy--Methodology And Assumptions, Nov. 15, 2023 General Criteria: Hybrid Capital: Methodology And Assumptions, March 2, 2022 General Criteria: Environmental, Social, And Governance