Fitch upgrades Generali's IFS Rating to 'AA-' with a stable outlook

Milan – Fitch Ratings has upgraded Generali and its core subsidiaries' Insurer Financial Strength (IFS) Ratings to 'AA-' from 'A+'. The agency has also upgraded Generali's Long-Term Issuer Default Rating (IDR) to 'A+' from 'A'. The Outlooks are stable.

The upgrade follows Fitch's upgrade of Italy's sovereign rating to ‘BBB+' with a stable outlook.

The ratings reflect Generali's very strong company profile, very strong capitalisation and low leverage, and robust performance.

Please find here the press release issued by Fitch.