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Standard & Poor's places Assicurazioni Generali SpA in Credit Watch with negative implications


Tuesday, 26 Nov 2013 03:16pm EST 

Assicurazioni Generali SpA:Says rating agency Standard & Poor's has placed Generali in Credit Watch with negative implications.Says rating action followed Standard & Poor's adoption of a new methodology focusing on the relationship between the rating of the company and the country in which it is primarily based.Says Generali Group CEO Mario Greco takes note of the new criteria of S&P based on the default risk of the primary country of operations, however does not agree with decision to put Generali in Credit Watch negative.