AdviserVoiceAMP welcomes upgrade of National Mutual Life S & P rating https://www.adviservoice.com.au/2011/05/amp-welcomes-standard-poor’s-rating-upgrade/ Financial planner information & financial planner education/CPD - AdviserVoice Tue, 09 Jun 2026 21:30:43 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 AMP welcomes Standard & Poor’s rating upgrade https://www.adviservoice.com.au/2011/05/amp-welcomes-standard-poor%e2%80%99s-rating-upgrade/ https://www.adviservoice.com.au/2011/05/amp-welcomes-standard-poor%e2%80%99s-rating-upgrade/#respond Mon, 16 May 2011 23:36:11 +0000 https://adviservoice.com.au/?p=8676 AMP Limited has welcomed the upgrade of The National Mutual Life Association of Australasia Limited’s (National Mutual Life) rating from A+ to AA- by Standard & Poor’s (S&P). National Mutual Life is AXA Asia Pacific Holding’s Australian and New Zealand life insurance company. 


The upgrade brings the life insurer in line with AMP Life Limited’s AA- rating.


 AMP Limited merged with AXA Asia Pacific’s Australian and New Zealand businesses on 30 March 2011.

 AMP Limited’s Chief Financial Officer Paul Leaming welcomed S&P’s decision saying it reflected the stronger market position of the merged business.
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“The upgrade reflects the merged group’s leadership position in wealth management, the complementary fit of the AMP and AXA businesses and the funding mix for the merger, which is consistent with both AMP and AXA’s prudent approach to capital management,” Mr Leaming said.

 

]]> AMP Limited has welcomed the upgrade of The National Mutual Life Association of Australasia Limited’s (National Mutual Life) rating from A+ to AA- by Standard & Poor’s (S&P). National Mutual Life is AXA Asia Pacific Holding’s Australian and New Zealand life insurance company. 


The upgrade brings the life insurer in line with AMP Life Limited’s AA- rating.


 AMP Limited merged with AXA Asia Pacific’s Australian and New Zealand businesses on 30 March 2011.

 AMP Limited’s Chief Financial Officer Paul Leaming welcomed S&P’s decision saying it reflected the stronger market position of the merged business.
x
“The upgrade reflects the merged group’s leadership position in wealth management, the complementary fit of the AMP and AXA businesses and the funding mix for the merger, which is consistent with both AMP and AXA’s prudent approach to capital management,” Mr Leaming said.

 

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