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Axa Outlook Reduced to Negative by Fitch on Lower Interest Rates

Sept. 24 (Bloomberg) -- 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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