S&P's rating revision
12 December 2014 - 18:50
S&P revises the Generali rating to BBB+ from A- due to the downgrade of Italian sovereign rating. The outlook is stable.
Trieste – Standard & Poor’s, the rating agency, has today revised the Generali rating to BBB+ from A- as an automatic consequence of the downgrade of Italian sovereign rating. The outlook has been revised from negative to stable.
In 2013 S&P implemented a global criteria change that has the effect of limiting the rating of Generali to two notches above that of Italy. The rating agency also said that the indicative group credit profile (GCP) remains unchanged at ‘a’ reflecting S&P’s view of Generali’s “very strong business risk profile and upper adequate financial risk profile".