Generali, Fitch affirms rating A- and outlook stable
26 April 2017 - 18:38
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”.