- Published: January 2011
- Region: Italy
Italian Composite Insurer Compagnia Assicuratrice Unipol 'A-' Ratings Affirmed; Outlook Stable
- Published: November 2006
- Region: Italy
- Standard & Poors
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
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LONDON (Standard & Poor's) Nov. 10, 2006--Standard & Poor's Ratings Services said today it affirmed its 'A-' long-term counterparty credit and insurer financial strength ratings on Italian composite insurer Compagnia Assicuratrice Unipol SpA (Unipol). The outlook is stable. "The ratings reflect Unipol's strong competitive position in the Italian insurance market, strong operating performance, strong capitalization, and strong financial flexibility," said Standard & Poor's credit analyst Paola del Curatolo. "These positive factors are partially offset, however, by Unipol's somewhat unsophisticated financial and risk management." The stable outlook reflects Standard & Poor's expectation that the new management will pursue a cautious and prudent corporate strategy. Capitalization is currently at a very strong level due to the October 2005 capital raising. Unipol's management...
Companies mentioned in this report are: Unipol Gruppo Finanziario SpA
Action: Outlook: Stable
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Unipol Gruppo Finanziario SpA