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EMEA ratings roundup, March 12


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EMEA ratings roundup, March 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 revised the outlook on BrightSphere Investment Group PLC to negative from stable and affirmed the U.K. asset manager's long-term issuer credit ratings at BBB-. The company's senior unsecured rating was also affirmed at BBB-.

* DBRS confirmed Credit Suisse Group AG's long-term issuer rating at A (low) and that of unit Credit Suisse AG at A. The rating agency confirmed the entities' short-term issuer ratings at R-1 (low). The long-term senior debt of the group was confirmed at A (low), while that of the bank was confirmed at A. The short-term debt and deposits of the bank were confirmed at R-1 (low). The trend is stable on all ratings.

* Fitch Ratings downgraded the long-term foreign- and local-currency issuer default ratings of ATFBank JSC and Bank CenterCredit JSC to B- from B and affirmed their short-term foreign-currency issuer default ratings at B. The rating agency also revised the support rating floor of JSC ForteBank to B- from B and that of JSC Halyk Savings Bank of Kazakhstan to B from B+, downgraded ForteBank's support rating to 5 from 4 and affirmed Halyk Bank's support rating at 4.

* S&P Global Ratings affirmed Bank Norwegian AS' long- and short-term issuer credit ratings at BBB/A-2. The outlook is negative.

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