S&P affirms Cattolica’s rating at BBB. The outlook is also confirmed.
26 July 2019 - Time: 17:38
Verona, 26 July 2019. Today Standard & Poor’s has affirmed Cattolica’s rating at BBB with a negative outlook.
Cattolica’s Assessment before sovereign risk is affirmed, on the basis of the newly adopted criteria, at bbb+, one notch higher than its financial strength rating at BBB, which is still constrained by that of Italy, as set out under S&P’s criteria.
The outlook is affirmed negative and it reflects the outlook of the Italian sovereign debt.
The Agency also confirmed at BB+ the rating of both listed bonds issued by the Cattolica Group.