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Fitch rates Unipol Gruppo, UnipolSai

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Fitch rates Unipol Gruppo, UnipolSai

Fitch Ratings on April 13 assigned and unitUnipolSai AssicurazioniSpA long-term issuer default ratings of BBB-.

UnipolSai also received an insurer financial strength ratingof BBB. The outlooks on all the ratings are stable.

The ratings reflect the rating agency's expectations thatUnipol's adequate capital and profitability are likely to be negativelyaffected by the "extremely weak" credit quality of its operations inthe coming years.