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EMEA ratings roundup, May 22

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EMEA ratings roundup, May 22

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

EUROPE

* Fitch Ratings affirmed the BBB long-term issuer default ratings of Ford Motor Co. units FCE Bank PLC and Ford Capital BV, with a negative outlook on the ratings. FCE Bank's F2 short-term issuer default rating was also affirmed.

* Fitch affirmed Russia-based PJSC MTS Bank's BB-/B long- and short-term issuer default ratings and revised the outlook on the long-term rating to stable from negative. The rating agency also affirmed the bank's 3 support rating.

* ACRA assigned Russian lender JSC Commercial Bank Solidarnost a B(RU) credit rating, with a stable outlook.

AFRICA

* Fitch affirmed Development Bank of Namibia's BB+/B long- and short-term foreign- and local-currency issuer default ratings. Its AA+(zaf)/F1+(zaf) national long- and short-term ratings, 3 support rating and BB+ support rating floor were affirmed as well. The outlook on the long-term ratings is negative.

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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.