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EMEA ratings roundup, Aug. 12

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


* S&P Global Ratings affirmed First Heartland Jýsan Bank's long- and short-term issuer credit ratings at B-/B and revised the outlook on the Kazakh lender to positive from stable. The agency also raised the national scale rating on the bank's senior unsecured debt to "kzBB" from "kzBB-" and affirmed the B- rating on the senior unsecured debt.

* Fitch Ratings affirmed Germany-based Norddeutsche Landesbank Girozentrale's viability rating at "f" and its long-term senior unsecured rating at AAA, while keeping its A-/F1 long- and short-term issuer default and deposit ratings, A-(dcr) derivative counterparty rating and 1 support rating on Rating Watch Negative. NordLB Luxembourg SA Covered Bond Bank's A-/F1 long- and short-term issuer default ratings and 1 support rating were also kept on Rating Watch Negative.

* S&P Global Ratings affirmed JSC Nurbank's B-/B long- and short-term issuer credit ratings, with a negative outlook. The Kazakhstan-based bank's "kzBB-" national scale rating was also affirmed.

* ACRA assigned PAO Moscow Industrial Bank a credit rating of BB+(RU), with a stable outlook.

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