trending Market Intelligence /marketintelligence/en/news-insights/trending/Am9F49NQqB6_SPkMNbgqPQ2 content esgSubNav
In This List

European ratings roundup through July 11


Banking Essentials Newsletter: January 11th Edition


Banking Essentials Newsletter December 21st Edition


The Road to Basel IV: Navigating the challenge facing European banks


Basel Framework- Utilizing data to analyze the capital position of European banks.

European ratings roundup through July 11

S&PGlobal Market Intelligence presents a weekly overview of ratings actions onEuropean financial institutions and economies. Ratings actions are listed byannouncement date in reverse chronological order.


*S&P Global Ratings assigned Old Mutual Plc unit OM Asset Management plc a BBB- issuer credit rating witha stable outlook. Moody's assigned the company a first-time issuer rating ofBaa2 with a stable outlook.

*Fitch Ratings affirmed HSHNordbank AG's viability rating at "b" and it from rating watchpositive. The bank's BBB- long-term issuer default rating, "2"support rating and F3 short-term issuer default rating were affirmed.

*DBRS confirmedBankinter SA'sBBB(high) senior unsecured long-term debt and deposit rating and changed thetrend on the rating to positive from stable. The rating agency confirmed thebank's R-1(low) short-term debt and deposit ratings, with the trend on therating remaining stable. DBRS maintained the bank's BBB(high) intrinsicassessment and SA3 support assessment.

*S&P affirmed the A long-term counterparty credit and insurer financialstrength ratings of FundacionMAPFRE unit MAPFRESA. The agency also affirmed MAPFRE's BBB+ long-term counterpartycredit rating and senior debt rating. The outlook is stable.

*Fitch affirmedCaisse d'Amortissement de laDette Sociale's AA/F1+ long- and short-term issuer default ratingsand AA long-term local-currency issuer default rating. The outlook on thelong-term ratings is stable.


*S&P revised theoutlook on Nykredit RealkreditA/S and subsidiary Nykredit Bank A/S to stable from negative, whileaffirming the long- and short-term counterparty credit ratings of bothcompanies at A/A-1. S&P affirmed the long- and short-term counterpartycredit ratings of Danske BankA/S and subsidiary DanskeBank Oyj at A/A-1, while raising to A from A- the long-termcounterparty credit and insurer financial strength ratings of Danske Bankinsurance unit Danica PensionLivsforsikrings A/S. The outlook for the three entities is stable.

*DBRS downgradedDeutsche Bank AG'ssenior unsecured debt and deposit ratings to A(low) from A and its long-termcritical obligations rating to A(high) from AA(low). The agency also loweredthe bank's intrinsic assessment to A(low) from A and confirmed its short-termdebt and deposits ratings at R-1(low) and short-term critical obligationsrating at R-1(middle). The trend on all ratings is now stable.

*S&P assignedDeutsche Bank trAAA/trA-1 long- and short-term Turkey national scalecounterparty credit ratings.

*Moody's upgradedJoint Stock Commercial BankAgrobank's long-term foreign- and local-currency deposit ratings toB2 from B3 and changed the outlook on the ratings to stable from positive. Thebank's baseline credit and adjusted baseline credit assessments were raised to"caa2" from "caa3". Moody's upgraded the bank's long-termcounterparty risk assessment to B1(cr) from B2(cr) and affirmed the Not-Primeshort-term local- and foreign-currency deposit ratings and Not-Prime(cr)short-term counterparty risk assessment.

*DBRS assignedBankia SA BBB(high)senior unsecured long-term debt and deposit ratings and a short-term debt anddeposit rating of R-1(low). The rating agency assigned the bank A/R-1(low)long- and short-term critical obligations ratings. The trend on all the ratingsis stable. Bankia's intrinsic assessment is BBB(high), in line with its seniorunsecured long-term debt and deposit rating, while its support assessment isSA3.

*S&P revised theoutlook on JSC Halyk Savings Bankof Kazakhstan to negative from stable and affirmed the bank's BB/Blong- and short-term counterparty credit ratings.

*S&P affirmed JSC LibertyBank's B/B long- and short-term counterparty credit ratings. Theoutlook is stable.

*S&P affirmed Commercial bankRenaissance Credit LLC's B- long-term foreign- and local-currencycounterparty credit ratings and C short-term rating. The outlook remainsnegative. The agency also affirmed the bank's ruBBB- Russia national scalerating.

*S&P affirmed the BB+/B long- and short-term counterparty ratings onAO Gazprombank andcore subsidiaries Gazprombank(Switzerland) Ltd. and Bank GPB International SA. The outlook on all threeentities is negative.

*S&P affirmed Germany's AAA/A-1+ long- and short-term foreign- andlocal-currency sovereign credit ratings. The outlook is stable.

*S&P affirmed Malta's BBB+/A-2 long- and short-term foreign- andlocal-currency sovereign credit ratings. The outlook remains positive.


*S&P revised tonegative from stable the outlook on the counterparty credit ratings ofBarclays Plc andBarclays Bank Plc,including its core subsidiaries; CYBG Plc and unit Clydesdale Bank Plc; HSBC Holdings Plc and certain rated subsidiaries, includingHSBC Bank Plc;Lloyds Banking GroupPlc and units LloydsBank Plc and Bank ofScotland Plc; Nationwide Building Society; and unit . The agencyrevised to stable from positive the outlooks on the counterparty credit ratingsof Royal Bank of Scotland GroupPlc and Royal Bank ofScotland Plc. The agency maintained the stable outlook onSantander UK Group HoldingsLtd. The long- and short-term counterparty credit ratings onStandard CharteredPlc and its rated subsidiaries were affirmed. The short-termcounterparty credit rating on Bradford & Bingley Plc was also affirmed. Inseparate actions, the agency revised to negative from stable the outlook onLloyds insurance subsidiary Scottish Widows Ltd. and affirmed various ratings ofPrudential Plc andits core operating subsidiaries.

*Fitch assignedAllianz SE's JSC ICAllianz an insurer financial strength rating of BBB- with a negative outlookand a national issuer financial strength rating of AAA(rus) with a stableoutlook.

*S&P affirmed Prudential's A+/A-1 long- and short-term counterparty creditratings. The agency also affirmed the AA counterparty credit and insurerfinancial strength ratings on Prudential's core operating subsidiaries. Theoutlook on all long-term ratings is stable.

*S&P affirmed Veneto BancaSpA's B/B long- and short-term counterparty credit ratings. Theoutlook remains negative.


*DBRS confirmedING Groep NV'sING Bank NV's issuerand long-term debt ratings at A(high) and changed the trend on the long-termrating to positive. The rating agency confirmed ING Bank's short-term debtrating at R-1(middle) and its long- and short-term critical obligations ratingat AA/R-1(high). The trend on the long-term critical obligations rating waschanged to positive.

*S&P affirmed Unione di BancheItaliane SpA's BBB-/A-3 long- and short-term counterparty creditratings. The outlook remains stable.

*Fitch affirmedthe AA- insurer financial strength ratings of and . Hannover Re'sA+ issuer default rating was also affirmed. The outlook on all the ratings isstable.

*Fitch affirmedIntermediate Capital GroupPlc's BBB- long-term issuer default rating with a stable outlook.

*Fitch affirmedSCOR SE's AA- insurerfinancial strength rating and A+ long-term issuer default rating and seniorunsecured debt rating. The rating agency also affirmed the AA- insurerfinancial strength ratings of SCOR Switzerland AG, SCOR Global P&C SE, , and The outlook on all the ratings is stable.

*Fitch affirmedMunich Re's AA insurerfinancial strength rating and AA- long-term issuer default rating, as well as theAA insurer financial strength ratings of DKV Deutsche Krankenversicherung AG, andVorsorge LebensversicherungAG. ERGO GroupAG's AA- long-term issuer default rating was also affirmed.

*Fitch assignedSwiss Re Ltd. A long-termissuer default rating with a stable outlook. The agency affirmed variousratings of the insurer's core subsidiaries including, 's andSwiss Re Corporate SolutionsLtd.'s AA- insurer financial strength ratings and their A+long-term issuer default ratings.

S&PGlobal Ratings and Global Market Intelligence are owned by S&P Global Inc.