Standard & Poor’s places Fondiaria-Sai S.p.A. and Milano Assicurazioni S.p.A. on negative credit watch

The Fondiaria-Sai Group notes that the rating agency Standard & Poor’s has today placed Fondiaria-SAI S.p.A. and Milano Assicurazioni S.p.A. on negative credit watch due to the uncertainties surrounding the completion of the share capital increase announced by the parent company Premafin S.p.A. which concern Consob’s decision on whether a compulsory purchase offer should be compelled, in addition to the timeframe involved in Premafin’s debt re-negotiation which could affect the financing available to Fondiaria-SAI.

Please read pdf document.