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Intesa Sanpaolo Vita promoted by Fitch: the rating rises to BBB+

The review was carried out following the implementation of new methodological criteria for the ratings applied by Fitch to Italian insurance groups.

Intesa Sanpaolo Vita promoted by Fitch: the rating rises to BBB+

After Generali, Unipol and Unipolsai, the international agency Fitch is also analyzing Intesa Sanpaolo Vita, the insurance arm of the bank led by Carlo Messina.

The company received a promotion from Fitch which decided to upgrade the Insurer Financial Strength (IFS) rating to 'BBB+' from 'BBB' with a negative outlook and confirmed the Long-Term Issuer Default Rating (IDR) at ' BBB' with negative outlook.

The Perpetual subordinated debt rating was instead confirmed at BB+.

The review was carried out following the implementation of new methodological criteria for the ratings applied by Fitch to Italian insurance groups.

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