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EMEA ratings roundup, Sept. 9

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EMEA ratings roundup, Sept. 9

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 upgraded Russia-based SDM-Bank PJSC's long-term local-currency issuer default rating to BB from BB-, with a stable outlook. The agency also upgraded the bank's viability rating to "bb" from "bb-," while affirming its B short-term issuer default rating, 5 support rating and No Floor support floor rating.

MIDDLE EAST

* Capital Intelligence Ratings affirmed the B/B long- and short-term foreign-currency ratings of Blom Bank SAL and Credit Libanais SAL and assigned the Lebanese companies bank stand-alone ratings of "b." The long-term currency ratings and bank stand-alone ratings carry negative outlooks. The agency also assigned Blom Bank and Credit Libanais core financial strength ratings of "bb" and "b+," respectively.

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