Moody's: AXA Insurance view stable

Moody's Investors Service said it affirmed the A3 insurance financial strength rating of AXA Insurance Ltd. and changed the outlook to stable from negative on this rating.

Based in Dublin, Ireland, AXA Insurance Ltd is the Irish P&C operation of the AXA Group. All the other ratings of the AXA Group are unaffected by this action.

The action follows Moody's change in the outlook on the Ba1 government bond rating of Ireland to stable from negative.

On Sept. 20, Moody's changed the outlook on the Ba1 government bond rating of Ireland to stable from negative, reflecting (a) progress being achieved in restoring the government's financial solvency, as reflected by the resumption of growth, and (b) Ireland's diminished susceptibility to a renewed loss of access to financial markets and the substantial improvement in its liquidity position.

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