Fitch revises Generali view to positive

Fitch Ratings said it revised the outlook for Assicurazioni Generali SpA and its core subsidiaries to positive from stable, while affirming the BBB+ long-term issuer default rating.

“The revision of Generali's outlook to positive reflects the group's improved financial leverage and reduced Italian sovereign asset-concentration risk. Fitch expects Generali to continue to gradually reduce its exposure to Italian sovereign bonds in 2021-2022,” the agency said in a press release.

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