Unipol Group: Fitch improves ratings to BBB

The rating agency Fitch Ratings has announced the upgrade of the Long-Term Issuer Default Rating (IDR) assigned to Unipol Gruppo S.p.A. and UnipolSai Assicurazioni S.p.A. to "BBB" from "BBB-", with a stable outlook. As a result, the Group's debt ratings have also been raised: the Unipol Group S.p.A. senior debts have been upgraded to "BBB-" from "BB+", the UnipolSai Assicurazioni S.p.A. dated subordinated debts have been upgraded to "BBB-" from "BB+" and the UnipolSai Assicurazioni S.p.A. perpetual subordinated debt has been upgraded to "BB+" from "BB".
At the same time, the rating agency confirmed UnipolSai Assicurazioni S.p.A.'s Insurer Financial Strength (IFS) rating at "BBB", with a stable outlook.

The full text of the press release issued by Fitch Ratings is attached.