Fitch upgrades Unipol group ratings: UnipolSai at A-
Monday, December 13, 2021 - 08:36
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”.
The full text of the press release issued by Fitch Ratings is attached.