Generali: Fitch affirms the “A-” IFS rating on proposed Cattolica acquisition

03 June 2021 - 18:58

Trieste – Fitch Ratings today affirmed Generali's ‘A-’ Insurance Financial Strength (IFS) rating. The agency also affirmed the ‘BBB+’ Issuer Default Rating (IDR).
The outlooks remain stable.

The rating actions follow Generali’s announcement of the cash voluntary public tender offer for all shares of Cattolica not owned by Generali for approximately € 1.2 billion.

On a pro-forma basis, Fitch expects the acquisition as proposed to be broadly neutral to Generali’s capitalisation and financial leverage, as well as investment risk.

Please find here the press release issued by Fitch is attached