S&P Places AXA on CreditWatch Negative over Its Plans to Buy XL Group for $15.3B

Article 0 Comments S&P Global Ratings placed France’s AXA on CreditWatch with negative implications over its planned $15.3 billion purchase of XL Group Ltd. The ratings agency said it is worried about what the mega-deal could do to AXA’s capital reserves. At issue are AXA’s “AA-” long-term issuer credit and […]