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 20, 2012
1505 words — Published Jul 20, 2012
Price US$ 225.00  |  Buy this Report Now

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Abstract:

The negative 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 AA-/Negative/--). Any changes in the ratings or outlook on AXA group's operating subsidiaries would trigger a parallel change on ABE. The negative outlook on AXA group indicates that we might lower the ratings over the next 12 to 24 months. The lowering could occur if AXA group's earnings generation and retention prospects do not enable capital adequacy at group level to improve durably within the 'A' range, based on our risk-based model over that time horizon. We expect ABE to remain a core member of AXA group, due to the bank's role in channeling deposits

  
Brief Excerpt:

RESEARCH Summary: AXA Bank Europe S.A. Publication date: 20-Jul-2012 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:
HTML HTML
Buy Now

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

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

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

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

AXA Bank Europe S.A. – 2010/04/08 – US$ 500.00

Summary: AXA Bank Europe S.A. – 2010/04/08 – 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 20, 2012. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-AXA-Bank-Europe-S-A-990755>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: AXA Bank Europe S.A. Jul 20, 2012. 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-990755>
  
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