Generali credit would sour in Intesa takeover: Moody's

A takeover of Italy's biggest insurer, Assicurazioni
Generali SpA by Intesa Sanpaolo SpA, the nation's largest bank
by market share, would adversely affect the carrier's credit,
according to Moody's Investors Service.
Such a transaction, which Intesa said it was exploring on 24
January, "would dilute Generali's significant geographical
diversification, one of its main strengths", Moody's said
in a statement today. The US credit rating company said the impact
on Intesa would depend on the financi