Standard & Poor's (S&P) has revised its outlook on Germany-based Allianz AG and various related insurance entities to stable from negative.
At the same time S&P affirmed its 'AA-/A-1+' long-term and short-term counterparty credit and 'AA-' insurer financial strength ratings on Allianz and related core entities.
The outlook revision follows S&P's regular review of Allianz and related entities.
S&P credit analyst Karin Clemens said: "The outlook revision reflects the continuing improvement in Allianz's consolidated earnings performance, which is reflective of sustained improvements in business fundamentals."
