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Four Italian Insurers Downgraded After Rating Action On Italy; One Affirmed; Outlooks Stable

Published Dec 12, 2014

5 pages (1788 words) — Published Dec 12, 2014

Price US$ 150.00 | Buy this Report Now

About This Report

Abstract:

On Dec. 5, 2014, Standard&Poor's lowered its unsolicited long-term sovereign credit ratings on the Republic of Italy to 'BBB-' from 'BBB' and assigned a stable outlook. As a result, we are lowering by one notch our long-term ratings on: Assicurazioni Generali SpA and its core subsidiaries, Allianz SpA, UnipolSai, and Societa Cattolica di Assicurazione SpA. We are affirming our 'BBB-' ratings on marine insurer SIAT - Societa Italiana Assicurazione e Riassicurazione SpA. Our assessment of Italy's insurance industry and country risks and the insurers' indicative credit profiles has remained unchanged. The outlooks on all these entities are stable. MILAN (Standard&Poor's) Dec. 12, 2014--Standard&Poor's Ratings Services said today it has lowered its long-term counterparty credit

Brief Excerpt:

...+ On Dec. 5, 2014, Standard & Poor's lowered its unsolicited long-term sovereign credit ratings on the Republic of Italy to '###-' from '###' and assigned a stable outlook. + As a result, we are lowering by one notch our long-term ratings on: Assicurazioni Generali SpA and its core subsidiaries, Allianz SpA, UnipolSai, and Societa Cattolica di Assicurazione SpA. + We are affirming our '###-' ratings on marine insurer SIAT - Societa Italiana Assicurazione e Riassicurazione SpA. + Our assessment of Italy's insurance industry and country risks and the insurers' indicative credit profiles has remained unchanged. + The outlooks on all these entities are stable. MILAN (Standard & Poor's) Dec. 12, 2014--Standard & Poor's Ratings Services said today it has lowered its long-term counterparty credit and insurer financial strength ratings on four Italian insurers, as follows: + We lowered our ratings on Assicurazioni Generali SpA (Generali) and its core subsidiaries to '###+' from 'A-'. + We lowered...

Report Type:

Ratings Action

Ticker

R@IM

Issuer

Allianz SpA

GICS

Multi-line Insurance (40301030)

Sector

Global Issuers, Structured Finance

Country

Italy

Region

Europe, Middle East, Africa

Format:

PDF

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Four Italian Insurers Downgraded After Rating Action On Italy; One Affirmed; Outlooks Stable" Dec 12, 2014. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Four-Italian-Insurers-Downgraded-After-Rating-Action-On-Italy-One-Affirmed-Outlooks-Stable-1374757>

APA:	S&P Global Ratings’ Credit Research. (). Four Italian Insurers Downgraded After Rating Action On Italy; One Affirmed; Outlooks Stable Dec 12, 2014. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Four-Italian-Insurers-Downgraded-After-Rating-Action-On-Italy-One-Affirmed-Outlooks-Stable-1374757>

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