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EMEA ratings roundup, Aug. 14

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


* Moody's assigned long- and short-term local- and foreign-currency issuer ratings of Caa1/Not Prime to The Co-Operative Bank Finance PLC, with a positive outlook on the long-term ratings. The Co-Operative Bank Finance is the holding company of Co-operative Bank PLC.

* Fitch Ratings assigned Uzbekistan-based Xalq Banki JSC BB-/B long- and short-term foreign- and local-currency issuer default ratings, a 3 support rating and a BB- support rating floor, with stable outlooks on the long-term issuer default ratings.

* S&P Global Ratings affirmed the long- and short-term issuer credit ratings of Danmarks Skibskredit A/S at BBB+/A-2 and revised the outlook on the Denmark-based bank to stable from negative.

* Fitch maintained the BBB+ long-term issuer default rating of Investec Bank PLC on Rating Watch Negative and affirmed the Investec PLC unit's F2 short-term issuer default rating, "bbb+" viability rating, 5 support rating and No Floor support rating floor.

* S&P Global Ratings affirmed the A/A-1 long- and short-term issuer credit ratings of 49 savings banks in the German states of Hesse and Thuringia and their majority-owned central bank Landesbank Hessen-Thüringen Girozentrale, collectively known as Sparkassen-Finanzgruppe Hessen-Thueringen, and revised the outlook on the group to stable from positive. The agency also affirmed the A- rating on Landesbank Hessen-Thüringen Girozentrale's senior subordinated debt and the AA rating on the lender's grandfathered guaranteed senior subordinated debt.

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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.