Fitch Ratings have upgraded Generali’s Outlook to Positive from Stable and affirmed the Insurer Financial Strength (IFS) Rating at ‘A+’ and the Long-Term Issuer Default Rating (IDR) at ‘A’.

The Positive Outlook follows Fitch’s revision of Italy’s sovereign Outlook to Positive on 18 October 2024 and also reflects the company’s reduced exposure to Italian sovereign bonds.

The affirmations of the IFS Rating at ‘A+’ and the IDR Rating at ‘A’ continue to reflect Generali’s very strong company profile, very strong capitalization and leverage.

Please find here the press release issued by Fitch.