AXA -- Moody's rates AXA's USD850 million undated subordinated bonds A3(hyb), negative outlook
Paris, January 17, 2013 -- Moody's Investors Service has today assigned an A3(hyb) rating to the undated USD850 million subordinated bonds to be issued by AXA (rated A2 for senior debt rating, negative outlook). The outlook on this debt is negative, in line with the negative outlook on AXA.
