Fitch revises AXA view to stable

Fitch Ratings said it revised the outlook on AXA SA to stable from positive. At the same time, Fitch and AXA's issuer default rating at A.

The outlook changed is based on the significant uncertainty created by the global coronavirus pandemic, which has resulted in high levels of volatility in capital markets. This, in turn, has resulted in a sharp drop in interest rates, as well as significant variability in stock, bond and derivative prices as well as a heightened risk of credit events, the agency said.

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