S&P Global Market Intelligence presents a daily summary of ratings actions on European, Middle Eastern and African financial institutions and economies.
EUROPE
* Moody's upgraded Liberbank SA's long-term deposit rating to Ba2 from Ba3 and revised the outlook on the ratings to stable from positive. The agency also upgraded the Spanish lender's long-term counterparty risk rating to Ba1 from Ba2, its long- and short-term counterparty risk assessments to Baa3(cr)/P-3(cr) from Ba1(cr)/NP(cr), and its baseline and adjusted baseline credit assessments to "ba2" from "ba3."
* Fitch Ratings upgraded Hellenic Bank PCL's long-term issuer default rating to B+ from B, with a stable outlook, and its viability rating to "b+" from "b," and subsequently removed both ratings from Rating Watch Positive. The agency also affirmed the Cyprus-based lender's short-term issuer default rating at B, support rating at 5 and support rating floor at No Floor.
* Fitch affirmed Bank of Cyprus PCL's long- and short-term issuer default ratings at B-/B, with a positive outlook on the long-term rating. The agency also affirmed its "b-" viability ratings, its 5 support rating and its No Floor support rating floor.
* ACRA affirmed the A(RU) credit rating of PJSC Sovcombank and downgraded its standalone creditworthiness assessment by one notch to "a-."
* DBRS confirmed Skandinaviska Enskilda Banken AB's long- and short-term issuer, deposit and senior debt ratings at A (high)/R-1 (middle). The agency also confirmed the Swedish bank's support assessment at SA3, its intrinsic assessment at A (high) along with its long- and short-term critical obligations ratings at AA/R-1 (high). The trend on all ratings is stable.
MIDDLE EAST
* Fitch upgraded the long-term foreign- and local-currency issuer default ratings of Egypt to B+ from B, with a stable outlook. The agency also upgraded its country ceiling to B+ from B. Its short-term foreign- and local-currency issuer default ratings were affirmed at B.
* Fitch downgraded Ahli Bank SAOG's long-term foreign- and local-currency issuer default ratings to BB from BB+, with a stable outlook, and its viability rating to "bb" from "bb+," while its support rating floor was revised down to BB from BB+. The ratings were subsequently removed from Rating Watch Negative. The Omani lender's B short-term foreign- and local-currency issuer default ratings and 3 support rating were affirmed.
* Fitch downgraded Bank Muscat SAOG's long- and short-term foreign-currency issuer default ratings to BB+/B from BBB-/F3, its viability rating to "bb+" from "bbb-" and its long-term senior unsecured debt rating to BB+ from BBB-. Its support rating and support rating floors were affirmed at 3 and BB+, respectively. The ratings, excluding the support rating, were removed from Rating Watch Negative.
* Fitch downgraded HSBC Bank Oman SAOG's viability rating to "bb+" from "bbb-" and removed it from Rating Watch Negative. The agency also affirmed its BBB-/F3 long- and short-term foreign-currency issuer default ratings, with a stable outlook on the long-term rating, and its 2 support rating.
* Fitch downgraded Bank Dhofar SAOG's long-term foreign-currency issuer default rating to BB from BB+, with a stable outlook, and its viability rating to "bb" from "bb+." Its support rating floor was revised to BB from BB+. The ratings were removed from Rating Watch Negative. Its B short-term foreign-currency issuer default rating and 3 support rating were affirmed.
* Fitch downgraded Sohar International Bank SAOG's long-term foreign-currency issuer default rating to BB from BB+, with a stable outlook, revised its support rating floor to BB from BB+ and removed them from Rating Watch Negative. At the same time, the agency affirmed the lender's B short-term foreign-currency issuer default rating, "bb" viability rating and 3 support rating.
* Fitch downgraded National Bank of Oman SAOG's long-term foreign-currency issuer default rating to BB from BB+ and its viability rating to "bb" from "bb+," and revised its support rating floor to BB from BB+. The outlook on the long-term rating is stable. The ratings were subsequently removed from Rating Watch Negative. The agency also affirmed the bank's B short-term foreign-currency issuer default rating and 3 support rating.
* Capital Intelligence Ratings affirmed Capital Bank of Jordan's long- and short-term foreign currency ratings at BB-/B.
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