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          Generali, Fitch affirms rating A- and outlook stable

          Trieste – Following Fitch’s recent downgrade of Italy’s sovereign rating to 'BBB' from 'BBB+', with Stable Outlook, the agency announced today that it has affirmed Generali’s and its core subsidiaries' IFS ratings at A-. The outlooks are Stable.

          Fitch said that the ratings are two notches higher than Italy’s sovereign rating (BBB/Stable), “in recognition of Generali’s resilient capital position and strong geographical diversification (with around 60% of operating profit from outside Italy), including significant operations in France and Germany with strong market positions”.

           

          Generali, Fitch affirms rating A- and outlook stable

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          Generali, Fitch affirms rating A- and outlook stable 79 kb