Fitch upgrades Unipol Group ratings: Unipolsai at A-

The rating agency Fitch Ratings has upgraded the Insurer Financial Strength Rating of UnipolSai Assicurazioni S.p.A. to “A-” from “BBB+” following the upgrade of Italy’s rating (BBB / Stable Outlook) on December 3rd. Consequently, the Issuer Credit Rating of Unipol Gruppo S.p.A. was upgraded to “BBB+” from “BBB”. The Group's debt ratings have also been upgraded by 1 notch:

• Unipol Group S.p.A. senior debts are now at "BBB";
• UnipolSai Assicurazioni S.p.A. subordinated debts are now at "BBB-";
• UnipolSai Assicurazioni S.p.A. perpetual RT1 debt is now at "BB".

The rating agency outlook of the ratings remains “stable”.

Please read the full press release.