(Alliance News) - UnipolSai Assicurazioni Spa on Friday reported that rating agency Fitch has raised its rating on the restricted Tier 1 from BB to BB+.

"The rating upgrade comes in the context of an update to Fitch Ratings' methodology, which has revised its rating on certain types of subordinated issues mainly from European insurance and reinsurance companies," according to the company's note.

UnipolSai is flat at EUR2.67 per share.

By Claudia Cavaliere, Alliance News reporter

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