Generali, Moody’s affirms rating Baa1 and outlook stable

Trieste – Moody’s announced today that it has affirmed the Baa1 IFS rating on Assicurazioni Generali SpA. Concurrently the rating agency has affirmed the ratings of debt instruments issued or guaranteed by Generali (Baa2 senior debt; Baa3 senior subordinated debt; Ba1(hyb) junior subordinated debt). The outlook remains Stable.

Moody’s said that the affirmation of Generali’s rating with a stable outlook “primarily reflects the Generali Group’s diversification outside Italy”. Moreover, the rating agency said that this strong geographical diversification “largely contributes to the stable outlook of Generali Group in spite of the negative outlook on the Italian sovereign”.