trending Market Intelligence /marketintelligence/en/news-insights/trending/dcagpg0rpfldkdgw5tvxyw2 content esgSubNav
In This List

Fitch assigns ratings to Axa's banking unit

Blog

Banking Essentials Newsletter: 7th February Edition

Blog

Insurance Underwriting Transformed How Insurers Can Harness Probability of Default Models for Smarter Credit Decisions

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Fitch assigns ratings to Axa's banking unit

Fitch Ratings on Sept. 3 assigned Axa Banque SA long- and short-term issuer default ratings of A/F1, with a stable outlook on the long-term rating.

The French lender, which focuses on retail banking, was also assigned a support rating of 1.

Axa Banque's ratings are based on the agency's view of an extremely high probability of support it would receive from its parents, Axa France Assurance SA and Axa France Vie SA, and from its ultimate parent, Axa, if needed.

The stable outlook on the long-term rating of the subsidiary reflects that on Axa.