The rating agency Fitch Ratings has announced the upgrade of UnipolSai Assicurazioni S.p.A.'s Insurer Financial Strength (IFS) rating to 'BBB+' from 'BBB', with a negative outlook.

At the same time, the rating agency confirmed the Long-Term Issuer Default Rating (IDR) assigned to Unipol Gruppo S.p.A. and UnipolSai Assicurazioni S.p.A. at 'BBB', with a negative outlook. The Group's debt ratings have also been confirmed: the Unipol Group S.p.A. senior debts have been confirmed at 'BBB-', the UnipolSai Assicurazioni S.p.A. dated subordinated debts have been confirmed at 'BBB-' and the UnipolSai Assicurazioni S.p.A. perpetual subordinated debt has been confirmed at 'BB+' .

The full text of the press release issued by Fitch Ratings is attached.

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UnipolSai Assicurazioni S.p.A. published this content on 29 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 29 May 2019 17:33:06 UTC