An overview of the ratings issued by rating agencies.

Financial strength ratings are assigned to operating companies and are opinions on the insurer’s ability to meet obligations towards policyholders.

Financial Strength Rating

Moody's Fitch AMBEST* DBRS Morningstar
UnipolSai Assicurazioni Baa3 | Stable Outlook
(8 September 2020)
BBB | Stable Outlook
(24 September 2020)
A- | Stable Outlook
(10 July 2020)
A high | Negative Trend
(8 October 2020)
UnipolRe A- | Stable Outlook 
(16 December 2020)
Siat BBB | Stable Outlook 
(24 September 2020)
A- | Stable Outlook 
(10 July 2020)
A high | Negative Trend 
(16 November 2020)

Debt ratings are security specific opinions that reflect the instrument’s likelihood of default.


Issuer ISIN Typology Maturity date Rating
        Moody's Fitch
Unipol Gruppo XS1041042828 Senior Unsecured  5/3/2021 Ba2 BB+
XS1206977495 Senior Unsecured  03/18/2025 Ba2 BB+
XS1725580622 Senior Unsecured  11/29/2027 Ba2 BB+
XS2237434803 Senior Unsecured - Green 09/23/2030 Ba2 BB+
UnipolSai Assicurazioni XS0130717134 Subordinated 06/15/2021 Ba2 BB+
XS0173649798 Subordinated 07/28/2023 Ba2 BB+
XS1784311703 Subordinated 1/3/2028 Ba2 BB
XS1078235733 Subordinated perpetual Ba3 BB
XS2249600771 Subordinated perpetual B1 B+

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Last updated:Dec 16 2020