Fitch Raises Italy Ins. Mkt Outlook on Stronger-Than-Expected 1H

Fitch revises outlook to stable from negative, also reflecting expectation insurers’ profit and capital adequacy will be resilient amid Italian recession. * Outlook also reflects reduced credit risk on Italian insurers’ balance sheet following revision of outlook of Italy in April to stable from negative, Fitch says in statement * Outlook underline’s view over next 12-18 months of entire Italian insurance market rather than just companies within sector that are rated: Fitch

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