Winterthur Insurance Company's financial strength ratings wereupgraded by Moody's to "Aa3" from "A1" following the company'sacquisition by the AXA Group.
The outlook for the rating is stable, Moody's analysts said onFriday. The rating had previously been placed on review forpossible upgrade in June 2006 following announcement of theproposed transaction.
"The new rating level not only reflects the stand-alonefundamentals of Winterthur, but also the benefits of being part ofa larger group whose primary focus is insurance," said SteveHunnisett, a vice president/senior analyst in Moody's Europeaninsurance team.
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