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January 10, 2008 -

BNP Paribas Assurance and Cardif Assurance rated AA and AA+ by Standard & Poor’s

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BNP Paribas Assurance’s two main operating entities, Cardif Assurance Vie and Cardif-Assurances Risques divers, have been rated “AA+” by Standard & Poor’s. The ratings agency has specified that this is the best rating ever assigned in the life insurance sector in France.

On the other hand, BNP Paribas Assurance was given the “AA” long-term counterparty credit rating.

The ratings assigned to BNP Paribas Assurance and its subsidiaries reflect their core positioning in the French market.

BNP Paribas Assurance is the insurance arm of the BNP Paribas Group rated “AA+/A-1+”.