S&P confirms Cattolica's rating

S&P confirms Cattolica's rating
04 July 2013

Verona, July 4th, 2013

Today Standard & Poor’s has confirmed Cattolica’s rating at BBB under revised insurance criteria introduced by the rating agency.

The rating continues to reflect the vision of S&P on Cattolica and on its solid operating performance that in the non-life business keeps outperforming the market by showing overall more stability compared to its competitors, thus confirming the strong competitive position of the Group in the Italian insurance sector, supported by a good diversification between life and non-life businesses and by complementary distribution networks.

The agency also confirmed a negative outlook solely on the base of its forecast on the persistence of a situation of unfavorable economic and financial trends of the Italian market.