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Assicurazioni Generali, Core Entities Downgraded To 'A' After Adverse Market Conditions Weaken Capital; Outlook Stable Jan 12
Standard & Poors, Jan 2012
Abstract
Financial market developments, particularly in the third quarter of 2011, and our view of increased credit risk in the eurozone have weakened Italy-based insurer Assicurazioni Generali's risk-adjusted capital adequacy and dampened its prospects for recovery in the next two years. We are lowering the long-term ratings on Generali and its related core entities to 'A' from 'A+'. The outlook is stable, reflecting our belief that Generali's strong business fundamentals and revenue and earnings generation are likely to offset the insurer's weakened capitalization and constrained financial flexibility. NEW YORK (Standard & Poor's) Jan. 27, 2012--Standard & Poor's Ratings Services said today that it has lowered its long-term counterparty credit and insurer financial strength ratings on Italy-based Assicurazioni Generali SpA (Generali) and...
Action: Downgraded
Action: Outlook: Stable
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
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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