Research Update: Italy-Based Societa Cattolica di Assicurazione Upgraded To 'BBB' Following Sovereign Upgrade; Outlook Stable - S&P Global Ratings’ Credit Research

Research Update: Italy-Based Societa Cattolica di Assicurazione Upgraded To 'BBB' Following Sovereign Upgrade; Outlook Stable

Research Update: Italy-Based Societa Cattolica di Assicurazione Upgraded To 'BBB' Following Sovereign Upgrade; Outlook Stable - S&P Global Ratings’ Credit Research
Research Update: Italy-Based Societa Cattolica di Assicurazione Upgraded To 'BBB' Following Sovereign Upgrade; Outlook Stable
Published Oct 31, 2017
6 pages (1772 words) — Published Oct 31, 2017
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On Oct. 27, 2017, S&P Global Ratings raised its unsolicited long-term sovereign credit ratings on the Republic of Italy to 'BBB' from 'BBB-'. The ratings on Italian insurer Societa Cattolica di Assicurazione (Cattolica) are limited by the sovereign credit rating on Italy due to Cattolica's material exposure to Italian investments. Cattolica's credit profile before taking into account the sovereign cap is 'bbb+'. As a result of the sovereign upgrade, we are raising our ratings on Cattolica to 'BBB' from 'BBB-'. The stable outlook reflects that on the Republic of Italy. On Oct. 31, 2017, S&P Global Ratings raised to 'BBB' from 'BBB-' its long-term counterparty credit rating and insurer financial strength rating on Italian insurer Societa Cattolica di Assicurazione (Cattolica).

  
Brief Excerpt:

...On Oct. 27, 2017, S&P Global Ratings raised its unsolicited long-term sovereign credit ratings on the Republic of Italy to '###' from '###-'....

  
Report Type:

Research Update

Ticker
CASS@IM
Issuer
Societa Cattolica di Assicurazione
GICS
Life & Health Insurance (40301020)
Sector
Global Issuers
Country
Italy
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Italy-Based Societa Cattolica di Assicurazione Upgraded To 'BBB' Following Sovereign Upgrade; Outlook Stable" Oct 31, 2017. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Italy-Based-Societa-Cattolica-di-Assicurazione-Upgraded-To-BBB-Following-Sovereign-Upgrade-Outlook-Stable-1940206>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Italy-Based Societa Cattolica di Assicurazione Upgraded To 'BBB' Following Sovereign Upgrade; Outlook Stable Oct 31, 2017. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Italy-Based-Societa-Cattolica-di-Assicurazione-Upgraded-To-BBB-Following-Sovereign-Upgrade-Outlook-Stable-1940206>
  
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