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.