S&P affirms Allianz Mexico

Standard & Poor's said it affirmed it global financial strength rating of A- and its national-scale rating of mxAAA on Allianz Mexico Compania de Seguros SA.

The outlook is stable.

The agency said that the ratings affirmation reflects the strategic fit with its holding company, Allianz of America.

Sustained good operating performance and its capital strength also support the rating level, S&P added, stating that the company's business structure is similar to the parent company's operations, where products are offered to commercial and personal lines.

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