Rating A confirmed for Generali by Standard & Poor's which also removed the negative credit watch. Leo's creditworthiness, which is now under negative outlook, remains so two notches above that of Italy thanks to 'the high international diversification and its strong market positions in European countries with high ratings'.
The S&P rating agency also highlighted how Generali's top management 'is committed to strengthening the adequacy of capital in relation to its risk profile and significantly increasing its profits in 2013 and 2014'. The negative outlook instead reflects 'the risk in completing the planned process of selling some assets and in achieving the expected profitability targets'.
