Axa Outlook Reduced to Negative by Fitch on Lower Interest Rates

Axa SA, France’s largest insurer, had its outlook lowered by Fitch Ratings to negative as bond yields near record lows pressure profits.

The outlook for the Paris-based company was cut from stable on “concerns about the group’s ability to improve profitability, notably in the context of low interest rates,” the ratings firm said today in a statement.

To contact the reporter on this story: Susanna Pak in New York at spak10@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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