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EMEA ratings roundup, Sept. 16

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EMEA ratings roundup, Sept. 16

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

EUROPE

* S&P Global Ratings upgraded the long-term issuer credit and senior unsecured ratings of NRW.Bank and Erste Abwicklungsanstalt to AA from AA- and revised the outlook on the issuer credit ratings to stable from positive. The agency also affirmed the German banks' short-term issuer credit ratings at A-1+.

* Fitch Ratings affirmed Swisscard AECS GmbH's A-/F1 long- and short-term issuer default ratings, with a stable outlook on the long-term rating.

* Moody's upgraded Kutxabank SA's long-term counterparty risk rating to A3 from Baa1 and affirmed its Baa2 long-term deposit rating with a stable outlook. Also affirmed were the Spanish bank's Prime-2 short-term deposit rating, A3(cr)/Prime-2(cr) long- and short-term counterparty risk assessments and Prime-2 short-term counterparty risk rating.

* Fitch affirmed Turkey-based Turkcell Finansman AS' long- and short-term local- and foreign-currency issuer default ratings at B+/B, as well as its national long-term rating and support rating at AA-(tur) and 4, respectively. The outlook on the long-term issuer default ratings is negative, while the outlook on the national long-term rating is stable.

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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.