Moody's announced that it has confirmed the IFS rating of Assicurazioni Generali SpA at Baa1. At the same time, Moody's confirmed the rating of the debt instruments issued or guaranteed by Generali (Baa2 senior debt; Baa3 senior subordinated debt; Ba1(hyb) junior subordinated debt). The outlook is stable.
Moody's declared that the confirmation of Generali's ratings, with a stable outlook, "reflects above all the Group's business diversification outside Italy". The rating agency also added that "this strong geographical diversification largely contributes to keeping the outlook of the Generali Group stable despite the negative outlook for Italy".
