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European ratings roundup through Dec. 12

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European ratings roundup through Dec. 12

S&P Global Market Intelligence presents a weekly overview of ratings actions on European financial institutions and economies. Ratings actions are listed by announcement date in reverse chronological order.

Dec. 12

* Fitch Ratings affirmed the long-term issuer default ratings of HSBC Holdings Plc unit HSBC Bank (RR) LLC, Crédit Agricole Group unit Crédit Agricole CIB AO, ING Groep NV unit ING BANK (EURASIA) JSC, Nordea Bank AB (publ) unit JSC Nordea Bank, Danske Bank A/S unit AO Danske Bank, Skandinaviska Enskilda Banken AB unit SEB Bank JSC, Bank of China Ltd. unit JSCB BANK OF CHINA (RUSSIA) and China Construction Bank Corp. unit China Construction Bank (Russia) Ltd. at BBB-, with stable outlooks. Other ratings affirmed include F3 short-term issuer default ratings.

* S&P Global Ratings lowered to CCC-/C from B/B the long- and short-term counterparty credit ratings of PJSC Tatfondbank. S&P also downgraded to "ruCCC-" from "ruBBB+" the lender's Russia national scale rating, placing all the ratings on CreditWatch with negative implications.

* Moody's upgraded the long-term issuer and senior unsecured debt ratings of Barclays Plc to Baa2 from Baa3 and the long-term deposit and senior unsecured debt ratings of the group's main operating company, Barclays Bank Plc, to A1 from A2. The ratings outlook on both entities remains negative.

* S&P lowered GLOBEX Commercial Bank JSC's long-term counterparty credit rating to B+ from BB- and its Russia national scale rating to ruA from ruAA-. The outlook on the long-term counterparty credit rating is negative.

* Moody's changed the outlook on the ratings of Poste Italiane SpA to negative from stable. The agency also affirmed Poste Italiane's Baa2 long-term issuer rating and its Prime-2 short-term issuer rating.

* S&P revised its outlook on Bank Pekao SA to stable from negative and affirmed the bank's long- and short-term counterparty credit ratings at BBB+/A-2. Moody's also affirmed the UniCredit SpA unit's A2/Prime-1 long- and short-term foreign- and local-currency bank deposit ratings, "baa1" baseline credit assessment and adjusted baseline credit assessment and A1(cr)/P-1(cr) long- and short-term counterparty risk assessments. The outlook on the long-term foreign-currency bank deposit rating remains negative, while the outlook on the long-term local-currency deposit rating remains stable.

Dec. 9

* S&P affirmed Estonia's long- and short-term foreign- and local-currency sovereign credit ratings at AA-/A-1+. The outlook is stable.

* S&P affirmed Ukraine's long- and short-term foreign- and local-currency sovereign credit ratings at B-/B. The outlooks on the long-term ratings are stable. The agency also affirmed the "uaBBB-" Ukraine national scale rating.

* Moody's placed Commercial bank ROSENERGOBANK (JSC)'s B3 long-term local- and foreign-currency deposit ratings on review for downgrade. The agency also placed on review for downgrade the bank's B2(cr) long-term counterparty risk assessment and "b3" baseline and adjusted baseline credit assessments. Meanwhile, the bank's Not Prime short-term local- and foreign-currency deposit ratings and its Not Prime(cr) short-term counterparty risk assessment were affirmed.

* Fitch affirmed the BBB+ long-term issuer default ratings and F2 short-term issuer default ratings of Aon Plc and Aon Corp. The outlook is stable.

* Moody's placed Bremer Landesbank Kreditanstalt Oldenburg-Girozentrale's "b1" adjusted baseline credit assessment and Prime-3 short-term foreign- and local-currency deposits ratings on review for upgrade. The lender's long- and short-term counterparty risk assessments of Baa3(cr)/Prime-3(cr) were also placed on review for upgrade. The outlooks of the bank's Baa3 long-term foreign- and local-currency bank deposits rating and its Ba1 long-term foreign-currency issuer rating were changed to rating under review from positive. Moody's also affirmed the bank's baseline credit assessment at "caa2."

* S&P put LGT Bank AG's A+/A-1 long- and short-term counterparty credit ratings on CreditWatch with negative implications. The agency expects to resolve the CreditWatch within three months.

* Moody's revised the outlook on the long-term ratings of seven Italian financial institutions to negative from stable. The agency also affirmed the long- and short-term deposit ratings of Intesa Sanpaolo SpA, Banca IMI SpA, Credito Emiliano SpA, Crédit Agricole Cariparma SpA, FCA Bank SpA and BNP Paribas SA's Banca Nazionale del Lavoro SpA at A3/P-2 and the long- and short-term issuer ratings of Cassa depositi e prestiti SpA at Baa2/P-2.

* DBRS confirmed Poland's long-term foreign- and local-currency issuer ratings at A with a negative trend, and its short-term foreign- and local-currency issuer ratings at R-1 (low) with a stable trend.

* DBRS confirmed Erwerbsgesellschaft der S-Finanzgruppe mbH & Co. KG unit Landesbank Berlin AG's A issuer and senior long-term debt rating and its R-1 (low) short-term instruments rating.

* DBRS confirmed Greece's long- and short-term foreign- and local-currency issuer ratings at CCC (high)/R-5. The trend on all ratings remains stable.

* Fitch affirmed the U.K.'s long-term foreign- and local-currency issuer default ratings at AA. The outlooks are negative. Also affirmed were the sovereign's AAA country ceiling and its F1+ short-term foreign- and local-currency issuer default ratings.

* Fitch affirmed France's long-term foreign- and local-currency issuer default ratings at AA with stable outlooks. Fitch also affirmed the short-term foreign- and local-currency issuer default ratings at F1+ and the country ceiling at AAA.

* Fitch affirmed JSCB Evrofinance-Mosnarbank Bank JSC's long-term foreign- and local-currency issuer default ratings at B+. The outlook is stable. Also affirmed were the lender's B short-term foreign-currency issuer default rating, its A-(rus) national long-term rating and its "b+" viability rating.

* S&P affirmed PASHA Bank OJSC's long- and short-term counterparty ratings at BB-/B. The outlook remains negative.

* Moody's revised to negative from stable the outlooks on UnipolSai Assicurazioni SpA and Allianz Group's Allianz SpA. The agency also affirmed the Baa2 insurance financial strength rating of UnipolSai Assicurazioni and the A3 insurance financial strength rating of the Allianz unit. Moody's also revised to negative from stable the outlook on UnipolSai parent Unipol Gruppo Finanziario SpA and affirmed its Ba2 long-term issuer rating. In addition, the agency affirmed the Baa1 insurance financial strength ratings of Generali and unit Generali Italia SpA, with stable outlooks.

Dec. 8

* Fitch affirmed the long-term foreign- and local-currency issuer default ratings of PJSC «Europlan» and Baltic Leasing JSC at BB-, and those of LLC Sollers–Finance and Carcade LLC at B+. The outlooks are stable on Europlan and Sollers-Finance and negative on Carcade. The outlooks on Baltic Leasing's long-term foreign- and local-currency issuer default ratings were revised to stable from negative.

* Fitch affirmed SCOR SE's and unit SCOR Switzerland AG's insurer financial strength rating at AA- and their long-term issuer default ratings at A+, with stable outlooks. The agency also affirmed the AA- insurer financial strength ratings of other SCOR units including SCOR Global P&C SE, SCOR Global Life SE, SCOR UK Co. Ltd. and SCOR Global Life Reinsurance Ireland Ltd.

* Fitch affirmed Swiss Re Ltd.'s long-term issuer default rating at A, with a stable outlook. At the same time, the agency affirmed certain Swiss Re entities' ratings.

* Fitch affirmed Haftpflichtverband der Deutschen Industrie VaG unit Hannover Re's and Hannover Re reinsurance subsidiary E+S Rückversicherung AG's insurer financial strength ratings at AA-. Hannover Re's long-term issuer default rating was affirmed at A+. The outlook on all the ratings is stable.

* Fitch affirmed Munich Re's, DKV Deutsche Krankenversicherung AG's, Europaeische Reiseversicherung AG's and Vorsorge Lebensversicherung AG's insurer financial strength rating at AA. Also affirmed were Munich Re's and ERGO Group AG's AA- long-term issuer default ratings. The outlook on the ratings is stable.

Dec. 7

* Moody's revised to negative from stable the outlook on Italy's Baa2 long-term issuer rating. The agency also maintained Italy's local- and foreign-currency bond ceilings at Aa2, keeping the country's Aa2 local- and foreign-currency deposit ceilings and P-1 short-term foreign-currency bond and deposit ceilings unchanged.

* Fitch upgraded International Investment Bank's long-term foreign-currency issuer default rating to BBB from BBB-, with a stable outlook. The rating agency also upgraded the bank's short-term foreign-currency issuer default rating to F2 from F3.

* Fitch revised the outlook on Turkey's banking sector to negative from stable for 2017.

* Fitch revised the 2017 sector outlook for Irish banks to stable from positive. The ratings outlook on Irish banks is positive.

* Fitch affirmed Società Reale Mutua di Assicurazioni's and subsidiary Reale Seguros Generales' insurer financial strength ratings at BBB+. The outlooks are stable.

* Fitch affirmed Lloyds Banking Group Plc unit Scottish Widows Ltd.'s long-term issuer default rating and insurer financial strength rating at A+ and AA-, respectively. The outlooks on the ratings are stable.

* Fitch affirmed Admiral Group Plc's long-term issuer default rating at A. Also affirmed were Admiral Insurance (Gibraltar) Ltd.'s and U.K.-based Admiral Insurance Co. Ltd.'s A+ insurer financial strength ratings. The outlook on all the ratings is stable.

* Fitch affirmed PAO Sberbank of Russia's and unit Sberbank Leasing JSC's and Vnesheconombank's and unit VEB-Leasing JSC's long-term foreign- and local-currency issuer default ratings at BBB-. Also affirmed were AO Gazprombank's and unit Gazprombank (Switzerland) Ltd.'s long-term issuer default ratings at BB+, as well as JSC Russian Agricultural Bank's BB+ long-term foreign- and local-currency issuer default ratings. The outlook on the ratings is stable.

Dec. 6

* Fitch said that it is maintaining its negative outlook on the Dutch life insurance sector for 2017. The sector outlook is stable for Dutch nonlife insurance.

* Fitch said that the outlook for the Italian banking sector is negative for 2017.

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