A.M. Best Affirms Rating of Subordinated Notes Issued by Talanx Finanz (Luxembourg) S.A.

LONDON--()--A.M. Best Europe – Rating Services Limited has affirmed the “bbb” debt rating on the EUR 500 million subordinated fixed to floating rate notes due 2042, issued by Talanx Finanz (Luxembourg) S.A. and irrevocably guaranteed on a subordinated basis by Talanx AG (Germany). The outlook has been revised to positive from stable, in line with the outlook on the guarantor. The rating follows the usual A.M. Best debt-notching methodology. Please note that this is not a new issue by Talanx Finanz; it was inadvertently omitted from the 16 May 2013 press release on Talanx AG.

The methodology used in determining these ratings is Best’s Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best’s rating process and contains the different rating criteria employed in the rating process. Best’s Credit Rating Methodology can be found at www.ambest.com/ratings/methodology.

In accordance with Regulation (EC) No. 1060/2009, the following is a link to required disclosures: A.M. Best Europe - Rating Services Limited Supplementary Disclosure.

A.M. Best Europe – Rating Services Limited is a subsidiary of A.M. Best Company. A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2013 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.

Contacts

A.M. Best Company
Charlotte Vigier, +(44) 20 7626 6264
Senior Financial Analyst
charlotte.vigier@ambest.com
or
Anandi Nangy Kotecha, +(44) 20 7626 6264
Associate Director
anandi.nangy-kotecha@ambest.com
or
Rachelle Morrow, +(1) 908-439-2200, ext. 5378
Senior Manager, Public Relations
rachelle.morrow@ambest.com
or
Jim Peavy, +(1) 908-439-2200, ext. 5644
Assistant Vice President, Public Relations
james.peavy@ambest.com

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Contacts

A.M. Best Company
Charlotte Vigier, +(44) 20 7626 6264
Senior Financial Analyst
charlotte.vigier@ambest.com
or
Anandi Nangy Kotecha, +(44) 20 7626 6264
Associate Director
anandi.nangy-kotecha@ambest.com
or
Rachelle Morrow, +(1) 908-439-2200, ext. 5378
Senior Manager, Public Relations
rachelle.morrow@ambest.com
or
Jim Peavy, +(1) 908-439-2200, ext. 5644
Assistant Vice President, Public Relations
james.peavy@ambest.com