Generali SpA

    premises & global services
                               

    Ratings

    This section contains the ratings assigned to the Group by the leading international agencies (Moody's, AM Best and Fitch).

    On 13 February 2015, at Generali’s request, Standard & Poor’s withdrew its rating relative to the Group.

    Rating - Insurance financial strength

        Current 31.12.16 31.12.15 31.12.14 31.12.13
    Moody's Rating
    Outlook
    Baa1
    Stable
    Baa1
    Stable
    Baa1
    Stable
    Baa1
    Stable
    Baa1
    Negative
    Fitch Rating
    Outlook
    A-
    Stable
    A-
    Stable
    A-
    Stable
    A-
    Stable
    A-
    Negative
    AM Best Rating
    Outlook
    A
    Stable
    A
    Stable
    A
    Stable
    A
    Stable
    A
    Negative

    Rating - Bonds

        Current 31.12.16 31.12.15 31.12.14 31.12.13
    Moody's senior Baa2 Baa2 Baa2 Baa2 Baa2
    subordinated Baa3 Baa3 Baa3 Baa3 Baa3
    hybrid Ba1 Ba1 Ba1 Ba1 Ba1
    outlook stable stable stable stable negative
    Fitch senior A- A- A- BBB+ BBB+
    subordinated BBB (1) BBB (1) BBB (1) BBB- (1) BBB-
    hybrid BBB BBB BBB BBB- BBB-
    outlook stable stable stable stable negative
    AM Best senior A- A- A- A- A-
    subordinated BBB+ BBB+ BBB+ BBB+ BBB+
    hybrid BBB (2) BBB (2) BBB (2) BBB (2) BBB+
    outlook stable stable stable stable negative

    (1) Generali’s Eur 1bn 4.125% subordinated note, issued on April 29, 2014, affirmed at BBB+
    (2)
     AM Best new methodology on debt, effective on May 6, 2014, introduced a different notching between senior and junior subordinated debt

    Description & Ranking Grid by Rating Agency

    Ratings refer to a judgement of the credit rating and probability of default of an entity or the security to which the rating has been assigned. Every ratings agency uses a different method to compile its ratings.

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    Description & Ranking Grid by Rating Agency 3 mb