Credit ratings
At Aviva we consider it important to keep customers and investors up to date with developments affecting the Group. In this section we show the Insurer Financial Strength ratings of our core operating subsidiaries and the ratings of our long and short term debt.
Insurer financial strength
| S&P | Moody’s | AM Best | |
|---|---|---|---|
| Rating | AA- | Aa3 | A |
| Description | Very strong | Excellent | Excellent |
| Outlook | Negative | Stable | Stable |
Debt ratings
| S&P | Moody’s | AM Best | |
|---|---|---|---|
| Senior (guaranteed) | A+ | A1 | a- |
| Subordinated* | A-/BBB+ | A3 | bbb+ |
| Junior subordinated* | BBB+ | Baa1 | bbb |
| Commercial paper (guaranteed) | A-1+ | P-1 | not rated |
Ratings as at 11 June 2010
*This debt has equity like characteristics and is therefore eligible to be recognised as capital by regulators and rating agencies.