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 Banque de Développement du Conseil de l'Europe, or Council of Europe Development Bank's, AA+ long-term issuer default rating and revised the outlook on the rating to positive from stable.
* Fitch upgraded Russia-based Interstate Bank's long-term issuer default rating to BB+ from BB and revised the outlook on the rating to stable from positive. The bank's B short-term issuer default rating was affirmed as well.
* ACRA affirmed the A-(RU) credit rating of JSC DenizBank Moscow, with a developing outlook.
* Moody's took rating actions on six Armenian banks. The agency upgraded the long-term local-currency bank deposit ratings of Ameriabank CJSC and Industrial Construction Bank CJSC, or Ardshinbank, to Ba3 from B1, while Converse Bank CJSC's same ratings were raised to B1 from B2. The outlook on the Armenian banks' long-term ratings were revised to stable from positive. The rating agency also upgraded the long-term foreign-currency bank deposit ratings of Ameriabank, Ardshinbank, Inecobank CJSC, Armeconombank OJSC, Converse Bank and VTB Bank (Armenia) CJSC to B1 from B2, with stable outlooks. The baseline and adjusted baseline credit assessments of Ameriabank, Ardshinbank and Inecobank were raised to "ba3" from "b1," while those of Armeconombank and Converse Bank were upgraded to "b1" from "b2."
Africa
* Fitch affirmed Rwanda's B+/B long- and short-term issuer default and local-currency issuer default ratings, with a stable outlook on the long-term ratings. The agency also affirmed the African nation's senior unsecured rating and country ceiling at B+.
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