Generali suffers S&P downgrade

Ratings agency Standard & Poor's (S&P) has downgraded
four Italian insurers, including Generali, after lowering
Italy's long-term sovereign credit ratings earlier this month.
S&P said it had lowered its long-term counterparty credit
and insurer financial strength ratings by one notch for Generali
and its core subsidiaries.
Allianz, UnipolSai and Società Cattolica di Assicurazione
also had their ratings lowered by one place.
Generali's rating was lowered from A- to BB