A.M. Best Downgrades Allianz Ratings

NU Online News Service, March 24, 4:22 p.m.EST?The insurance rating firm A.M. Best Co. announced ithas lowered financial strength rating of German insurance giantAllianz AG to "A-plus" (Superior) from "A-double-plus"(Superior).

A.M. Best also said it downgraded ratings on Munich,Germany-based Allianz's senior debt to "double-a-minus" from"double-a-plus", with a "negative" outlook on all ratings.

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