(Finance) – Moody’s today upgraded its senior unsecured debt rating and long-term issuer rating Unipol Insurance to Baa3 from Ba1. We also upgraded the medium-term senior unsecured notes program to Baa3 from Ba1. At the same time, the rating agency assigned Unipol a rating of insurance financial solidity (IFSR) Baa2. The outlook on Unipol is stable. Previously the ratings were under review for updating.
The rating action concludes the review for the improvement of Unipol’s rating which began on 16 February 2024 and follows the effective merger of UnipolSai Assicurazioni into Unipol starting from 1 January 2025. Unipol which was previously a holding became an operational insurance company.