Fitch Keeps Unipol Ratings on Market Position, Very Strong Profitability

Fitch on Thursday maintained Unipol Assicurazioni's (UNI.MI) long-term issuer default rating at A-, with a stable outlook. The credit agency attributed the rating affirmation to the Italian insurer's leading position in the local life insurance market, its "very strong" capitalization and profitability, and its lower financial leverage. Fitch also noted its high but declining investment concentration risk in Italy's sovereign debt.