Generali SpA

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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 31.12.15 31.12.14 31.12.13 31.12.12
Moody's Rating
Outlook
Baa1
Stable
Baa1
Stable
Baa1
Stable
Baa1
Negative
Baa1
Negative
Fitch Rating
Outlook
A-
Stable
A-
Stable
A-
Stable
A-
Negative
A-
Negative
AM Best Rating
Outlook
A
Stable
A
Stable
A
Stable
A
Negative
A
Negative

Rating - Bonds

    Current 31.12.15 31.12.14 31.12.13 31.12.12
Moody's senior Baa2 Baa2 Baa2 Baa2 Baa2
subordinated Baa3 Baa3 Baa3 Baa3 Baa3
hybrid Ba1 Ba1 Ba1 Ba1 Ba1
outlook stable stable stable negative (1)
Fitch senior A- A- BBB+ BBB+ BBB+
subordinated BBB (2) BBB (2) BBB- (2) BBB- BBB-
hybrid BBB BBB BBB- BBB- BBB-
outlook stable stable stable negative negative
AM Best senior A- A- A- A- A-
subordinated BBB+ BBB+ BBB+ BBB+ BBB+
hybrid BBB (3) BBB (3) BBB (3) BBB+ BBB+
outlook stable stable stable negative negative

(1) Rating Watch Negative
(2) Generali’s Eur 1bn 4.125% subordinated note, issued on April 29, 2014, affirmed at BBB+

(3) 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