Moody’s Investors Service has raised the ratings of a U.S. arm of a large French financial services company.
Moody’s, New York, has increased the issuer rating on senior unsecured debt issued by AXA Financial Inc., New York, a unit of AXA S.A., Paris, to A2, from A3.
Moody’s also has affirmed the Aa3 insurance financial strength rating on AXA Financial’s principal U.S. life insurance company, AXA Equitable Life Insurance Company.
AXA S.A., the parent company, has a Moody’s rating of A2 on its senior unsecured debt, Moody’s says.