Axa has lost trust in rating agencies

Jones, Lee
June 2009
Money Marketing;6/11/2009, p7
The article reports on the confidence condition of Axa Investment Management to rating agencies in Great Britain. It mentions that Axa has lost its confidence with the rating firms in the country due to the flaws cited in asset-backed securities assessment. In addition, the executives from other companies have also stated their reaction towards the performance of the rating companies including Jason Witcombe of Evolve Financial Planning and Gaëlle Phillipe-Viriot of ABS.


Related Articles

  • To optimizes diversification, AXA forms ABS team.  // Asset Securitization Report;6/3/2002, Vol. 2 Issue 22, p16 

    Reports the formation of asset-backed securitization teams by AXA Investment Managers in Europe. Focus on fixed income investments; Expertise in mortgage-backed securities management; Increase of market share.

  • RATINGS WATCH.  // Asset Securitization Report;5/6/2002, Vol. 2 Issue 18, p32 

    Presents charts depicting asset securitization of rating agencies.

  • Moody's on 1st half ABS downgrades.  // Asset Securitization Report;9/16/2002, Vol. 2 Issue 36, p6 

    Reports the ratings downgrades of asset-backed securities. Factor affecting the downgrades; Deterioration of collateral performance; Asset performance accounted for asset-backed downgrades during the first half of 2002.

  • Rethinking worst-case scenarios.... Gregory, Michael // Asset Securitization Report;10/22/2001, Vol. 1 Issue 40, p1 

    Focuses on the impact of the rating agencies on criteria used for structuring securitization in the United States. Need to revise ratings criteria for securitization; Benefits of ratings and risk assessment criteria; Implication of financial markets on prospects in assessing risk.

  • AXA Marketing its Second U.S. CLO. Bisbey, Allison // Structuredfinancenews.com;12/23/2014, p2 

    This article reports that European insurer and money manager AXA Group is in the market as of December 23, 2014 with its 400-million dollar Allegro CLO (collateralized loan obligation) II, a cash-flow transaction backed primarily by broadly syndicated senior corporate loans. Topics discussed...

  • CLOs, CLOs More CLOs. Colomer, Nora // Private Placement Letter;7/10/2006, Vol. 24 Issue 27, p7 

    The article reports that La Caixa has began marketing its multimillion balance sheet small to medium scale enterprise collateralized loan obligations, Foncaixa FTGENCAT 4. AXA Investment Managers began work on its multimillion leveraged loan collateralize loan obligation Adagio III. The deal...

  • Actively managed kitchen-sink deal is cleaner than a spit-shined saxophone. M.G. // Asset Securitization Report;5/31/2004, Vol. 4 Issue 22, p1 

    Reports that AXA Investment Management plans to have an actively managed single-tranche issuance vehicle via JPMorgan Securities. Characteristics of asset securitization called ARIA; AXA Jazz collateralized debt obligations I; Novelty of managed synthetic arbitrage deals.

  • Rare rating actions on ABCP conduits. M.G. // Asset Securitization Report;3/10/2003, Vol. 3 Issue 10, p4 

    Reports on the rating actions by Fitch Ratings and Moody's Investors on asset-backed commercial paper in February 2003. Fitch's review of Silver Tower Funding and Silver Tower U.S. Funding; Moody's Investors' rating of Fenway Funding.

  • RATINGS WATCH.  // Asset Securitization Report;9/15/2003, Vol. 3 Issue 35, p34 

    Presents a chart showing ratings for asset-backed securities (ASB) issued in the U.S. from August 27, 2003 to September 10, 2003. Name of issuer; Date issued; Class of ASB; Size; Name of rating agency; Rating action; Prior and current ratings.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics