Obbligazioni perpetue e subordinate Tutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue... - Cap. 3 (19 lettori)

waltermasoni

Caribbean Trader
Fitch Rates Generali's T2 Subordinated Green Bond 'BBB'
24 SEP 2019 12:06 PM ET



Fitch Ratings - Frankfurt am Main - 24 September 2019:

Fitch Ratings has assigned Assicurazioni Generali SpA's (Generali) issue of EUR750 million of subordinated Tier 2 green bonds at 'BBB'. The notes are rated two notches below Generali's Issuer Default Rating (IDR) of 'A-' to reflect Fitch's 'below average' recovery assumption (one notch) and 'moderate' assessment of non-performance risk (one notch), in line with Fitch's notching criteria.

The issue has been launched in the context of a buyback offer for subordinated notes with first call dates in 2022 for an amount up to EUR1 billion.
 

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