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EMEA ratings roundup, Dec. 20

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EMEA ratings roundup, Dec. 20

S&P Global Market Intelligence presents a daily summary of ratings actions on European, Middle Eastern and African financial institutions. This feature excludes previously reported stories.

EUROPE

* Fitch Ratings affirmed the A+ long-term issuer default ratings of HSBC France SA and HSBC Trinkaus & Burkhardt AG and assigned the ratings a stable outlook after removing them from Rating Watch Negative.

* Fitch affirmed the long- and short-term foreign- and local-currency issuer default ratings of Joint-Stock Innovation Commercial Bank Ipak Yuli and Private Joint Stock Bank Trustbank at B/B and those of JSCB Universal bank at B-/B. The outlook on all the long-term ratings is stable. The rating agency also affirmed several other ratings of the three Uzbekistan-based banks.

* S&P Global Ratings affirmed the long- and short-term issuer credit ratings of Italian bank Banca del Mezzogiorno - MedioCredito Centrale SpA at BBB-/A-3, with a negative outlook.

* S&P Global Ratings revised the outlook on Czech Republic-based Moneta Money Bank as to positive from stable and affirmed the bank's long- and short-term issuer credit ratings at BBB/A-2. The rating action follows the bank's agreement to acquire 100% of Wüstenrot & Württembergische AG units Wüstenrot – stavební spořitelna as and Wüstenrot hypoteční banka as.

* Moody's placed several ratings of Latvia-based AS Citadele banka on review for upgrade, including its Ba1/NP long- and short-term bank deposit ratings, "ba3" baseline and adjusted baseline credit assessments, Baa3(cr)/P-3(cr) long- and short-term counterparty risk assessments and Baa3/P-3 long- and short-term counterparty risk ratings.

* Moody's affirmed PAO Sberbank of Russia's Baa3/Prime-3 long- and short-term bank deposit ratings, with a stable outlook on the long-term rating. The agency also affirmed the Russian bank's Baa3 senior unsecured debt rating, with a stable outlook, "ba1" baseline and adjusted baseline credit assessments, Baa3(cr)/Prime-3(cr) long- and short-term counterparty risk assessments and Baa3/Prime-3 long- and short-term counterparty risk ratings.

* Moody's upgraded Otkritie Financial Corp. Bank's baseline and adjusted baseline credit assessments to "b2" from "b3." The rating agency also affirmed the Russian lender's Ba2/Not Prime long- and short-term bank deposit ratings, Ba2 senior unsecured debt rating, Ba1(cr)/Not Prime(cr) long- and short-term counterparty risk assessments and Ba1/Not Prime counterparty risk ratings. The outlook on the long-term bank deposit and senior unsecured debt rating is stable.

AFRICA

* S&P Global Ratings placed the B long-term issuer credit ratings of French bank Groupe BPCE's Tunisian unit Banque Tuniso-Koweitienne on CreditWatch with negative implications. The CreditWatch placement follows the announcement that the Tunisian government agreed to acquire BPCE's 60% stake in Banque Tuniso-Koweitienne and reflects the rating agency's expectation that the deal is highly likely to go through, putting downside pressure on the unit's rating.

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This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings. Descriptions in this news article were not prepared by S&P Global Ratings.