S&P's rating revision

12 December 2014 - 18:50 price sensitive

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".

Generali Group

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Generali is one of the largest integrated insurance and asset management groups worldwide. Established in 1831, it is present in over 50 countries in the world, with a total premium income of € 95.2 billion and € 863 billion AUM in 2024. With around 87,000 employees serving 71 million customers, the Group has a leading position in Europe and a growing presence in Asia and Latin America. At the heart of Generali’s strategy is its Lifetime Partner commitment to customers, achieved through innovative and personalised solutions, best-in-class customer experience and its digitalised global distribution capabilities. The Group has fully embedded sustainability into all strategic choices, with the aim to create value for all stakeholders while building a fairer and more resilient society.

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