Moody’s changes Unipol Group’s rating outlook from stable to negative
The credit rating agency Moody’s Investor Service has affirmed the Insurance Financial Strength Rating of UnipolSai Assicurazioni S.p.A. at “Baa2”, one notch above Italy’s rating (Baa3 / Negative Outlook), but has changed the outlook from “Stable” to “Negative” following the same action taken on the rating of Italian sovereign debt. Consequently, the outlook for the ratings of Unipol Gruppo S.p.A. have also been changed from “Stable” to “Negative”.
In its assessment, Moody's Committee considered the concentration of the company’s assets and liabilities to Italy.
Read the complete press release.