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EMEA ratings roundup, Aug. 16

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EMEA ratings roundup, Aug. 16

S&P Global Market Intelligence presents a daily summary of ratings actions on European, Middle Eastern and African financial institutions and economies.

EUROPE

* Fitch Ratings affirmed Turkey-based Lider Faktoring AŞ's BBB(tur) national long-term rating and revised the outlook on the entity to stable from negative. The agency also affirmed the national long-term ratings of Kapital Faktoring AS and Destek Faktoring AS at A-(tur) and BBB+(tur), respectively. The outlook on the companies is stable.

* DBRS confirmed the AA(high)/R-1(high) long- and short-term foreign- and local-currency issuer ratings of Belgium. The trend on all of the country's ratings remains stable.

* DBRS also confirmed Austria's AAA/R-1(high) long- and short-term foreign- and local-currency issuer ratings. The trend on all of the European country's ratings remains stable.

* Fitch affirmed Georgia's BB/B long- and short-term foreign- and local-currency issuer default ratings, with a stable outlook on the long-term ratings. Also affirmed were the country's BB/B long- and short-term senior unsecured debt ratings and BBB- country ceiling.

* Fitch also affirmed Hungary's BBB/F2 long- and short-term foreign- and local-currency issuer default ratings, with a stable outlook on the long-term ratings. Also affirmed were the country's BBB long-term senior unsecured debt rating and A country ceiling.

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