OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has downgraded the Financial Strength Rating (FSR) to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a+” from “aa-” of AXA Equitable Life Insurance Company (AXA Equitable) (New York, NY). Concurrently, A.M. Best has downgraded the Long-Term ICR to “bbb+” from “a-” and the Long-Term Issue Credit Rating (Long-Term IR) and the Short-Term Issue Credit Rating (Short-Term IR) of AXA Financial, Inc. (AXA Financial)
