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Moody’s takes action against insurance groups exposed to Italy and Spain

Arrow going down

Moody's has taken action on several European insurance groups and related entities to reflect the increased financial risks stemming from their operating and investment exposure to weakened European sovereigns and banks, and the ratings agency's expectation for continued weak economic growth in their key markets.

Unipol
The IFSR of Unipol Assicurazioni has been downgraded by one notch to A3, following the downgrade of the Italian sovereign rating to A3, negative outlook. Moody's said that the downgrade

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