S&P: AXA Life view to positive

Standard & Poor’s said it revised to positive the outlook on AXA Life Insurance Co. Ltd. and affirmed its financial strength and long-term counterparty ratings at A+.

AXA Life is a subsidiary of AXA Group, one of the world’s largest insurance and financial groups.

The outlook revision follows a similar outlook change to AXA Group, S&P said.

The group’s continued shift toward insurance products with less investment risks and more cautiously managed capital buffers will help improve its risk profile, the agency said.

This should enable the group to strengthen its risk-adjusted capital adequacy position further, S&P said.

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