LONDON--(BUSINESS WIRE)--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.
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