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UnipolSai Assicurazioni SpA (US.MI)

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Mon, Jul 3 2017

Fitch: Unipol's Insurance Ratings Unaffected by Group Reorganisation

(The following statement was released by the rating agency) LONDON, July 03 (Fitch) Fitch Ratings says that Unipol Gruppo SpA's (IDR: BBB-/Stable) and UnipolSai Assicurazioni SpA's (together Unipol; IFS: BBB/Stable) ratings are not affected by the group's reorganisation of insurance operations and by the banking unit's restructuring plan. On 30 June 2017, Unipol announced a plan to spin off about EUR3 billion of Unipol Banca's bad loans, which will be transferred into a separate new company own

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