S&P Global Market Intelligence presents a daily summary of ratings actions on European, Middle Eastern and African financial institutions and economies.
EUROPE
* ACRA assigned Russia long- and short-term foreign- and local-currency credit ratings of A-/S1, with a stable outlook on the long-term ratings.
* S&P Global Ratings affirmed Finland-based Ålandsbanken Abp's long- and short-term issuer credit ratings at BBB/A-2, with a positive outlook on the long-term rating. Its BBB senior unsecured debt rating was also affirmed.
* Moody's said the outlook for Poland's banking system remains stable, citing expectations that the country's robust economic growth and increasing wages will help sustain demand for banking services and support loan performance. The agency added that it expects Polish banks to maintain their sound deposit-based funding and large liquidity buffers and for their capital to remain of high quality on the back of sustained asset growth balanced by earnings retention.
MIDDLE EAST
* Capital Intelligence Ratings downgraded United Arab Emirates-based Commercial Bank International PSC's long-term foreign-currency rating to BBB+ from A-, while adjusting the bank's short-term foreign-currency rating to A2 from A3. The outlook on the long-term rating was revised to stable from negative. CI Ratings also assigned the lender a "bbb-" bank stand-alone rating, with a stable outlook, a "bb" core financial strength rating and a High extraordinary support level.
* CI Ratings affirmed the long- and short-term foreign-currency ratings of Invest Bank PSC at BBB-/A3, with the outlook on the long-term rating revised to stable from negative. The UAE-based lender was also assigned a "bb-" bank stand-alone rating, with a stable outlook, a "b" core financial strength rating and a High extraordinary support level.
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