Generali's IFS Credit Rating Upgraded by Fitch
May 29 2019 - 1:27PM
Dow Jones News
By Anthony Shevlin
Assicurazioni Generali SpA (G.MI) said Wednesday that ratings
agency Fitch upgraded its issuer financial strength credit
rating.
The Italian company said Fitch upgraded its IFS credit rating to
A from A- and affirmed the issuer default rating at A-.
The outlook remains negative on both ratings, Generali said.
The upgrade on the IFS rating mainly stems from the removal of
the sovereign cap following the adoption by Fitch of new rating
criteria, Generali said.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com;
@anthony_shevlin
(END) Dow Jones Newswires
May 29, 2019 13:12 ET (17:12 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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