Moody’s upgrades Generali’s IFSR rating to A2 with a stable outlook

Milan – Moody’s Ratings has upgraded Generali Group's insurance financial strength rating (IFSR) to A2 from A3 and changed the outlook to stable from positive.

The change follows the upgrade by one notch of the ratings of the Government of Italy (Baa2, stable).

The upgrade also reflects the Group’s very strong financial and business profile, which benefits from leading positions in its chosen markets in Europe, diversification by business lines and relatively low product risk.

The ratings of Generali's main operating insurance subsidiaries in Italy, France and Germany were also upgraded and the outlooks were changed to stable from positive.

Please find below the press release issued by Moody’s.