S&P affirms Allianz Mexico

Standard & Poor's said it affirmed it's A- counterparty and financial strength ratings assigned to Allianz México Compañía de Seguros SA.

At the same time, it affirmed its mxAAA counterparty and financial strength Mexican national scale ratings on the company.

S&P said the ratings on Allianz reflect the strategic fit with its holding company, Allianz of America.

Improving trends in operating performance and earnings generation capacity and superior capital strength support the rating level, S&P noted.

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