Unipol Group: Fitch improves UnipolSai's rating to BBB+

Corporate: Financial
Wednesday, May 29, 2019 - 19:03

The rating agency Fitch Ratings has announced the upgrade of UnipolSai Assicurazioni S.p.A.'s Insurer Financial Strength (IFS) rating to "BBB+" from “BBB”, with a negative outlook.

At the same time, the rating agency confirmed the Long-Term Issuer Default Rating (IDR) assigned to Unipol Gruppo S.p.A. and UnipolSai Assicurazioni S.p.A. at "BBB", with a negative outlook. The Group's debt ratings have also been confirmed: the Unipol Group S.p.A. senior debts have been confirmed at "BBB-", the UnipolSai Assicurazioni S.p.A. dated subordinated debts have been confirmed at "BBB-" and the UnipolSai Assicurazioni S.p.A. perpetual subordinated debt has been confirmed at "BB+" .

The full text of the press release issued by Fitch Ratings is attached.