Moody's could cut Assicurazioni Generali

Moody's Investors Service said it placed the Baa2 senior debt rating, the hybrid Baa3 subordinated debt rating and the hybrid Ba1 preferred stock debt ratings of Assicurazioni Generali SpA and Generali Finance BV on review for possible downgrade.

The insurance financial strength ratings of the group's operating entities are unaffected.

Moody's said the review for possible downgrade reflects an expected change in the nature of protection afforded to Assicurazioni Generali's creditors following the reorganization of the Italian operations announced Dec. 14.

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