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EMEA ratings roundup, Sept. 12

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EMEA ratings roundup, Sept. 12

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 Russia-based JSCB Almazergienbank (JSC)'s long-term foreign- and local-currency issuer default ratings at B+, with a stable outlook. Also affirmed were the bank's short-term foreign-currency issuer default rating of B, viability rating of "b-" and support rating of 4.

* ACRA withdrew Ziraat Bank (Moscow) JSC's BBB(RU) credit rating because of expiration of contract between the rating agency and the Russian lender. Prior to withdrawal, the rating carried a stable outlook.

MIDDLE EAST

* Capital Intelligence Ratings upgraded Bank AlJazira's long-term foreign currency rating to A- from BBB+ and affirmed the Saudi Arabia-based lender's short-term foreign currency rating at A2. The rating agency also assigned the lender a bank standalone rating of "bbb," a core financial strength rating of "bbb-" and an extraordinary support level of High. The outlook is stable on the long-term foreign-currency and bank standalone ratings.

* Moody's downgraded Oman-based Bank Dhofar SAOG's baseline and adjusted baseline credit assessment to "ba3" from "ba2."

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