Moody’s upgrades AXA’s rating

Moody's has raised the AXA Group's financial strength rating from “Aa3” to “Aa2”, while also raising all credit ratings by one notch.

At the same time, the agency upgraded the ratings of AXA’s operating entities in Europe and XL Bermuda to “Aa2.” The outlook for these ratings has been revised from positive to stable.

This decision reflects AXA’s strong performance over the past two years, improvements in both the level and quality of its results, a sound capital base, robust solvency, and broad geographic diversification.

The stable outlook indicates Moody’s expectation that AXA will maintain its current business profile, profitability, and capital adequacy.