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EMEA ratings roundup, May 21

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

EUROPE

* S&P Global Rating upgraded London Stock Exchange Group PLC's long- and short-term issuer credit ratings to A/A-1 from A-/A-2 and its long-term senior unsecured debt issuer rating to A from A-. The long- and short-term issuer credit ratings of units LCH Ltd. and Banque Centrale de Compensation SA, which trades as LCH SA, were upgraded to AA-/A-1 from A+/A-1. The outlook on all the long-term issuer credit ratings were revised to stable from positive.

* Fitch Ratings affirmed Schroders PLC's A+/F1 long- and short-term issuer default ratings, with a stable outlook on the long-term rating.

* Fitch affirmed U.K.-based Man Strategic Holdings Ltd's BBB+ long-term issuer default rating, with a stable outlook.

* S&P Global Ratings upgraded Credit Suisse Group AG unit Credit Suisse AG's long-term issuer credit rating to A+ from A. The rating agency also upgraded the long- and short-term resolution counterparty ratings of Credit Suisse AG as well as those of its rated subsidiaries in Switzerland, the U.K., Spain and Germany to AA-/A-1+ from A+/A-1. The outlook on the long-term issuer credit ratings was revised to stable from positive. Credit Suisse Group's BBB+ long-term issuer credit rating was also affirmed, with a stable outlook.

* Moody's upgraded Germany-based ING-DiBa AG's long-term counterparty risk assessment to Aa2(cr) from Aa3(cr) and its long-term counterparty risk ratings to Aa3 from A1. Moody's also affirmed the bank's A2/P-1 long- and short-term bank deposit ratings, with a stable outlook on the long-term rating, its "a2" baseline and adjusted baseline credit assessments, P-1(cr) short-term counterparty risk assessment and P-1 short-term counterparty risk rating.

* Fitch affirmed Amundi SA's A+/F1 long- and short-term issuer default ratings, with a stable outlook on the long-term rating. The French asset manager's support rating of 1 was also affirmed.

* Moody's affirmed NIBC Bank NV's Baa1 long-term senior unsecured debt and deposit ratings, and changed the outlook on the ratings to positive from stable. The Netherlands-based bank's "baa3" stand-alone baseline credit assessment and adjusted baseline credit assessment, Prime-2 short-term ratings, A3/Prime-2 long- and short-term counterparty risk ratings and A3(cr)/P-2(cr) long- and short-term counterparty risk assessments were all affirmed as well.

* S&P Global Ratings placed Euronext NV's A/A-1 long- and short-term issuer credit ratings and A senior unsecured issuer credit rating on CreditWatch with negative implications.

* Fitch downgraded Italy-based Azimut Holding SpA's short-term issuer default rating to F3 and resolved the under criteria observation status on the rating. Fitch affirmed the investment manager's BBB long-term issuer default rating, with a negative outlook.

* S&P Global Ratings affirmed Uzbekistan-based Ipoteka Bank's B+/B long- and short-term issuer credit ratings, with a stable outlook.

AFRICA

* Moody's assigned Stanbic Bank Uganda Ltd. foreign- and local-currency long- and short-term bank deposit ratings of B3/Not Prime and B1/Not Prime, respectively, with a stable outlook on the long-term ratings. The agency also assigned the lender's "b2" baseline credit assessment, "b1" adjusted baseline credit assessment, Ba3(cr)/NP(cr) long- and short-term counterparty risk assessments, and Ba3/NP long- and short-term counterparty risk ratings.

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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.