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

Summary: AXA Bank Europe S.A.

Summary: AXA Bank Europe S.A. - S&P Global Ratings’ Credit Research
Summary: AXA Bank Europe S.A.
Published Jul 31, 2013
1671 words — Published Jul 31, 2013
Price US$ 225.00  |  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 Summary: 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;...

  
Report Type:

Summary

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:
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Buy Now

AXA Bank Europe S.A. – 2017/02/24 – US$ 500.00

Summary: AXA Bank Europe S.A. – 2017/02/24 – US$ 225.00

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AXA Bank Europe S.A. – 2013/07/31 – US$ 500.00

AXA Bank Europe S.A. – 2012/07/20 – US$ 500.00

Summary: AXA Bank Europe S.A. – 2012/07/20 – US$ 225.00

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Summary: AXA Bank Europe S.A. – 2011/04/29 – US$ 225.00

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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: AXA Bank Europe S.A." Jul 31, 2013. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-AXA-Bank-Europe-S-A-1170934>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: 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/Summary-AXA-Bank-Europe-S-A-1170934>
  
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