Moody’s placed UGF Group’s ratings on review for possible upgrade

Unipol Gruppo Finanziario has positively taken note of the notice disclosed today by Moody’s Investor Service (hereinafter referred to as ‘Moody’s’), in which the rating agency placed on review for possible upgrade the insurance and banking ratings of UGF Group.

More specifically, the above include the ‘A2’ insurance financial strength rating of Unipol Assicurazioni S.p.A. and Aurora Assicurazioni S.p.A., the ‘Baa1’ rating on the two subordinated debts callable 2021 and 2023 and the ‘Baa2’ long-term deposits rating of Unipol Banca S.p.A..

According to Moody’s press release, the decision “follows continuing improvements in the underlying fundamentals of the Group, and particularly clear expectations on the capitalisation levels going forward”.