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S&P upgrades Allianz to AA


MUNICH, Germany--Standard & Poor's Corp. has raised its insurer financial strength ratings on Munich, Germany-based Allianz S.E. and various core operating entities to AA from AA-, S&P said Wednesday.

"The upgrade reflects major and sustained improvements in Allianz's operating performance and a positive view of management combined with the expectation that Allianz will continue to efficiently execute its strategy," SP credit analyst Karin Clemens said in a statement announcing the upgrade.