Moody's announced that it has confirmed Generali's IFS rating at Baa1. At the same time, Moody's confirmed all ratings of debt instruments issued or guaranteed by the Group, outlook stable.
According to Moody's ratings, Generali Group's instruments issued or guaranteed were confirmed as follows:
- Baa2 senior unsecured debt;
- Baa3 (hyb) senior subordinated debt;
- Ba1 (hyb) junior subordinated debt,
- Ba1 (hyb) preferred stock
The ratings reflect Generali's competitive position in its primary markets and resilient financial profile despite the turbulence caused by the coronavirus. At the end of the first nine months of 2020, Generali's Solvency II Ratio stood at 203%, confirming the group's solid capital position.