Fitch revises Italian ratings downwards
Fitch Ratings has revised the rating outlooks for the Italian life and non-life insurance sectors to negative from stable. This indicates that the majority of Italian life and non-life insurance ratings could be downgraded over the next 12 – 24 months.
The revision of the ratings outlooks follows the downgrade of the Italian sovereign rating.
According to Fitch, there is an intrinsic link between Italian insurer ratings and the sovereign rating
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