Rtgs on Allianz AG and Units Cut to 'AA+' and Off Watch After Dresdner Acquisition Approved - S&P Global Ratings’ Credit Research

Rtgs on Allianz AG and Units Cut to 'AA+' and Off Watch After Dresdner Acquisition Approved

Rtgs on Allianz AG and Units Cut to 'AA+' and Off Watch After Dresdner Acquisition Approved - S&P Global Ratings’ Credit Research
Rtgs on Allianz AG and Units Cut to 'AA+' and Off Watch After Dresdner Acquisition Approved
Published Jul 23, 2001
1385 words — Published Jul 23, 2001
Price US$ 150.00  |  Buy this Report Now

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Abstract:

LONDON (Standard&Poor's CreditWire) July 23, 2001--Following the closure and EU approval of Allianz AG's acquisition of Dresdner Bank AG (AA-/Stable/A-1+), Standard&Poor's today lowered its long-term ratings on Munich-based Allianz and various related entities one notch, predominantly to double-'A'-plus from triple-'A'. The ratings were also removed from CreditWatch, where they had been placed on April 2, 2001, following the announcement that Allianz proposed to bid for Dresdner, to create an integrated financial services group. The outlook is stable. At the same time, Standard&Poor's affirmed its 'A-1'-plus short-term ratings on Allianz and its units. (See list below for all ratings.) Dresdner has a considerably weaker credit profile than the existing Allianz Group. Since it will represent

  
Brief Excerpt:

RESEARCH Rtgs on Allianz AG and Units Cut to '##+' and Off Watch After Dresdner Acquisition Approved Publication date: 23-Jul-2001 LONDON (Standard & Poor's CreditWire) July 23, 2001--Following the closure and EU approval of Allianz...

  
Report Type:

Ratings Action

Ticker
ALV@GR
Issuer
Allianz SE
GICS
Multi-line Insurance (40301030)
Sector
Global Issuers, Public Finance, Structured Finance
Country
Germany
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Rtgs on Allianz AG and Units Cut to 'AA+' and Off Watch After Dresdner Acquisition Approved" Jul 23, 2001. Alacra Store. May 16, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Rtgs-on-Allianz-AG-and-Units-Cut-to-AA-and-Off-Watch-After-Dresdner-Acquisition-Approved-202539>
  
APA:
S&P Global Ratings’ Credit Research. (). Rtgs on Allianz AG and Units Cut to 'AA+' and Off Watch After Dresdner Acquisition Approved Jul 23, 2001. New York, NY: Alacra Store. Retrieved May 16, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Rtgs-on-Allianz-AG-and-Units-Cut-to-AA-and-Off-Watch-After-Dresdner-Acquisition-Approved-202539>
  
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