Weakened capital adequacy behind Generali downgrade
Standard & Poor's has lowered its long-term counterparty credit and insurer financial strength ratings on Italy-based Assicurazioni Generali SpA and its related core entities to 'A' from 'A+'.
It also lowered the ratings of "strategically important" subsidiary Ceska Pojistovna to 'A-' from 'A', and Generali Holding Vienna AG and Generali Rueckversicherung AG to 'BBB+' from 'A-'.
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