Generali, Fitch revises the outlook to positive from stable and affirms the “A-” IFS rating
08 October 2021
Milan – Fitch Ratings have revised Generali’s outlook to positive from stable. The agency also affirmed Generali's ‘A-’ Insurer Financial Strength (IFS) rating and the ‘BBB+’ Issuer Default Rating (IDR).
The outlook reflects the Group’s improved financial leverage during 2020 and reduced Italian sovereign asset concentration risk. Fitch expects Generali to continue to gradually reduce its concentration of Italian sovereign bonds in 2021-2022.
The ratings reflect Generali’s very strong capitalisation and business profile, as well as stable earnings.
Please find here the press release issued by Fitch.