Generali’s ‘AA’ rating affirmed despite Italian sovereign downgrade
Italian insurer Assicurazioni Generali SpA's credit rating of ‘AA’ has been affirmed by Standard and Poor’s, , despite the recent downgrade of the Republic of Italy’s sovereign credit rating.
This month S&P lowered Italy's long and short-term sovereign credit ratings to 'A/A-1' from 'A+/A-1+' and maintained the negative outlook.
However, it has affirmed the 'AA' financial strength and
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