By Anthony Shevlin 
 

Assicurazioni Generali SpA (G.MI) said Wednesday that ratings agency Fitch upgraded its issuer financial strength credit rating.

The Italian company said Fitch upgraded its IFS credit rating to A from A- and affirmed the issuer default rating at A-.

The outlook remains negative on both ratings, Generali said.

The upgrade on the IFS rating mainly stems from the removal of the sovereign cap following the adoption by Fitch of new rating criteria, Generali said.

 

Write to Anthony Shevlin at anthony.shevlin@dowjones.com; @anthony_shevlin

 

(END) Dow Jones Newswires

May 29, 2019 13:12 ET (17:12 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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