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The table below illustrates the current rating position of AXA Asia Pacific Holdings' businesses by the world's leading rating agencies:
Standard & Poor's The International Insurer Financial Strength Rating (IFS Rating) provides an assessment of the financial strength of an insurance organisation and its capacity to meet senior obligations to policyholders and contract holders on a timely basis. The IFS Rating is assigned to the insurance organisation itself, and no liabilities or obligations of the insurer are specifically rated unless otherwise stated (for example, Fitch Ratings may separately rate the debt obligations of an insurer). The IFS Rating is based on a comprehensive analysis of relevant factors that in large part determine an insurance organisation's financial strength, including its regulatory solvency characteristics, liquidity, operating performance, financial flexibility, balance sheet strength, management quality, competitive positioning, and long-term business viability. AAA - Exceptionally strong. Insurers assigned this highest rating are viewed as possessing exceptionally strong capacity to meet policyholder and contract obligations. For such companies, risk factors are minimal and the impact of any adverse business and economic factors is expected to be extremely small. AA - Very strong. Insurers are viewed as possessing very strong capacity to meet policyholder and contract obligations. Risk factors are modest, and the impact of any adverse business and economic factors is expected to be very small. A - Strong. Insurers are viewed as possessing strong capacity to meet policyholder and contract obligations. Risk factors are moderate, and the impact of any adverse business and economic factors is expected to be small. Fitch The International Insurer Financial Strength Rating (IFS Rating) provides an assessment of the financial strength of an insurance organisation and its capacity to meet senior obligations to policyholders and contract holders on a timely basis. The IFS Rating is assigned to the insurance organisation itself, and no liabilities or obligations of the insurer are specifically rated unless otherwise stated (for example, Fitch Ratings may separately rate the debt obligations of an insurer). The IFS Rating is based on a comprehensive analysis of relevant factors that in large part determine an insurance organisation's financial strength, including its regulatory solvency characteristics, liquidity, operating performance, financial flexibility, balance sheet strength, management quality, competitive positioning, and long-term business viability. AAA - Exceptionally strong. Insurers assigned this highest rating are viewed as possessing exceptionally strong capacity to meet policyholder and contract obligations. For such companies, risk factors are minimal and the impact of any adverse business and economic factors is expected to be extremely small. AA - Very strong. Insurers are viewed as possessing very strong capacity to meet policyholder and contract obligations. Risk factors are modest, and the impact of any adverse business and economic factors is expected to be very small. A - Strong. Insurers are viewed as possessing strong capacity to meet policyholder and contract obligations. Risk factors are moderate, and the impact of any adverse business and economic factors is expected to be small. Other information AXA Asia Pacific Holdings leverages its relationship with the wider AXA Group and its businesses to reduce the cost of raising debt and equity. The cost of raising this debt and equity is directly related to the financial strength and credit ratings of the wider AXA group and its businesses. To review the rating positions of AXA's global businesses, please click here. Our Investor Compendium contains further information on capital management including total shareholder capital resources, shareholder capital invested, regulatory capital, and asset backing shareholder capital resources. Click here for more. |
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