Moody's affirms Generali

Moody's Investors Service said it affirmed the Aa3 insurance financial strength, A1 senior unsecured debt, hybrid A2 subordinated debt and hybrid A3 preferred debt ratings of Assicurazioni Generali SpA, as well as associated ratings for its main operating subsidiaries.

The outlook was changed to negative from stable.

Moody's said the affirmation follows the downgrade of the rating of the government of the Republic of Italy to A2 with a negative outlook, from Aa2.

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