S&P Global Market Intelligence presents a daily summary of ratings actions on European, Middle Eastern and African financial institutions. This feature excludes previously reported stories.
* Moody's affirmed Moneta Money Bank as's A2/Prime-1 long- and short-term bank deposit ratings, with a stable outlook. The agency also affirmed the Czech Republic-based bank's "baa1" baseline and adjusted baseline credit assessments, long- and short-term A1(cr)/Prime-1(cr) counterparty risk assessments and A1/Prime-1 counterparty risk ratings. The rating action follows Moneta's announcement that it will acquire the Czech units of Germany's Wüstenrot & Württembergische AG for a total cash consideration of €180.4 million.
* Moody's placed Banca del Mezzogiorno - MedioCredito Centrale SpA's ratings under review for downgrade, following the Italian government's decision to involve it in the rescue of ailing Banca Popolare di Bari SCpA. Placed on review for downgrade were the bank's Ba1 long-term issuer and senior unsecured debt ratings, Baa3/Prime-3 long- and short-term bank deposit and counterparty risk ratings, Baa3(cr)/Prime-3(cr) long- and short-term counterparty risk assessments and "ba3" baseline and adjusted baseline credit assessments. The outlooks on the long-term issuer and bank deposit ratings were stable prior to review placement.
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