Allianz is rated by several independent rating agencies.
On November 13, 2007, A.M. Best has upgraded to "aa" from "aa-" the issuer credit ratings of Allianz SE and its subsidiaries. At the same time, A.M. Best has affirmed the financial strength rating of A+ (Superior) of Allianz SE and upgraded to "aa" from "aa-" the ratings on senior debt and to "aa-" from "a+" on subordinated debt issued or guaranteed by Allianz SE. The outlook on all ratings remains stable.
Solicited ratings assigned to Allianz SE
| Ratings1 | S&P | Moody's | A.M. Best |
| Insurer financial strength rating | AA / stable outlook
(upgraded 07/11/2007) | Aa3 / stable outlook
(affirmed 09/12/2005) | A+ / stable outlook
(affirmed 11/13/2007) |
| Counterparty credit rating | AA / stable outlook (upgraded 07/11/2007) | Not rated | aa2 / stable outlook
(upgraded 11/13/2007) |
| Senior unsecured debt rating | AA
(upgraded 07/11/2007) | Aa3 / stable outlook(affirmed 09/12/2005) | aa / stable outlook
(upgraded 11/13/2007) |
| Subordinated debt rating | A+/A (upgraded 07/11/2007)3 | A2 / A33
stable outlook | aa-3 / stable outlook (upgraded 11/13/2007) |
| Commercial paper (short term) rating | A-1+
(affirmed 07/11/2007) | Prime-1 / stable outlook
(affirmed 07/25/2003) | Not rated |
Insurer financial strength rating
The Insurer financial strength rating indicates an insurer's financial strength and ability to meet ongoing obligations to policyholders.
Counterparty credit rating and issuer credit rating
A counterparty credit rating (S&P) and a issuer credit rating (A.M. Best) indicate an obligor's creditworthiness. It assesses the company's capacity and willingness to meet its financial commitments.
Debt and commercial paper ratings
Debt and commercial paper ratings provide an opinion for the credit marketplace as to the issuer's ability to meet its financial obligations to security holders when due.
In each of the groups above there are various gradations of credit-worthiness. In order to differentiate between these gradations, Standard & Poor's (S&P) and A.M. Best add a "plus" or a "minus" next to each rating, while Moody's adds a number (1-3).
Ratings of Allianz Group companies
For ratings of Allianz Group companies and a full description of how rating catagories are assigned, please refer to the rating agencies' websites.
Websites of rating agencies