Generali: Moody’s confirmed the IFS rating at Baa1; stable outlook
26 November 2020 - 19:28
Milan – Moody’s announced today that it has confirmed Generali’s IFS rating at Baa1. At the same time, Moody’s confirmed all ratings of debt instruments issued or guaranteed by the Group: Baa2 senior unsecured debt; Baa3 (hyb) senior subordinated debt; Ba1 (hyb) junior subordinated debt, Ba1 (hyb) preferred stock. The outlook remains stable.
The ratings reflect Generali’s strong competitive position in its primary markets and resilient financial profile despite the turbulence caused by the coronavirus, together with excellent geographic and operational diversification and a low business risk profile.
Generali's solid capital position is confirmed by the Solvency II Ratio at 203% in the first nine months of 2020.
Attached is the press release issued by Moody's.