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European ratings roundup through Dec. 4

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European ratings roundup through Dec. 4

S&P Global Market Intelligence presents a weekly overview of ratings actions on European financial institutions and economies. Ratings actions are listed by announcement date in reverse chronological order.

Dec. 4

* DBRS confirmed Landesbank Berlin AG's long- and short-term issuer ratings at A/R-1 (low), with a stable trend.

* S&P Global Ratings kept the B long-term local-currency issuer credit and financial strength ratings of Russian insurer PAO Rosgosstrakh on CreditWatch with developing implications, where they have been since Sept. 5.

* Fitch Ratings affirmed the long-term foreign-currency issuer default ratings of Cyprus-based ABH Financial Ltd. at BB and that of Russian unit JSC ALFA-BANK at BB+, with a stable outlook on both ratings. The agency affirmed the Russian bank's long-term local-currency issuer default ratings at BB+, with a stable outlook, and its short-term foreign-currency issuer default rating at B, among other ratings. ABH Financial's short-term foreign-currency issuer default rating was affirmed at B.

* Fitch affirmed International Investment Bank's long-term issuer default ratings at BBB and revised the outlook to positive from stable. The agency affirmed the bank's short-term issuer default ratings at F2.

Dec. 2

* DBRS confirmed Cyprus' long- and short-term foreign- and local-currency issuer ratings at BB (low)/R-4 and changed the trend on the long-term rating to positive from stable.

Dec. 1

* S&P upgraded Bulgaria's long- and short-term foreign- and local-currency sovereign credit ratings to BBB-/A-3 from BB+/B, citing the country's improving external metrics. The outlook on the ratings was stable. Fitch also raised Bulgaria's long-term foreign- and local-currency issuer default ratings to BBB from BBB- with stable outlooks.

* S&P upgraded the long-term issuer credit and financial strength ratings of Euler Hermes Group SA units Euler Hermes? SA (N.V.) and Euler Hermes Reinsurance AG to AA from AA-, with a stable outlook. Euler Hermes SA's short-term counterparty credit rating was affirmed at A-1+.

* S&P affirmed Ireland's long- and short-term foreign- and local-currency sovereign credit ratings at A+/A-1, with a stable outlook on the long-term rating.

* Fitch affirmed Belgium's long- and short-term foreign- and local-currency issuer default ratings at AA-/F1+, with a stable outlook on the long-term ratings. The AAA country ceiling was also affirmed.

* Fitch affirmed the long- and short-term foreign-currency issuer default ratings of San Marino at BBB-/F3 and the country ceiling at BBB+. The outlook on the long-term rating is stable.

* S&P affirmed the long- and short-term counterparty credit ratings of RCI Banque SA and unit Diac SA at BBB/A-2, with a stable outlook on the long-term ratings.

* Fitch affirmed Intesa Sanpaolo SpA unit Intesa Sanpaolo Vita SpA's insurer financial strength rating at BBB (Good) and its long-term issuer default rating at BBB, with stable outlooks.

* Moody's affirmed OJSC Bank Eskhata's B3/Not-Prime long- and short-term local-currency deposit ratings and its Caa1/Not-Prime long- and short-term foreign-currency deposit ratings and revised the outlook on the long-term ratings to stable from negative. The rating agency also upgraded the Tajikistan-based bank's long-term counterparty risk assessment to B2(cr) from B3(cr).The bank's "b3" baseline and adjusted baseline credit assessments and Not-Prime(cr) short-term counterparty risk assessment were affirmed.

* Fitch affirmed Caisse des Dépôts et Consignations's long- and short-term issuer default ratings at AA/F1+, with a stable outlook on the long-term rating.

Nov. 30

* S&P downgraded Mitsubishi UFJ Financial Group Inc. unit MUFG Bank (Europe) NV's long-term issuer credit rating to A from A+, with a stable outlook. At the same time, the rating agency affirmed the Netherlands-based lender's A-1 short-term issuer credit rating.

* Fitch affirmed the BBB- long-term foreign- and local-currency issuer default ratings of PAO Sberbank of Russia and Vnesheconombank. The agency also affirmed the long-term issuer default ratings of AO Gazprombank, its unit Gazprombank (Schweiz) AG and JSC Russian Agricultural Bank at BB+. The outlook on the entities is positive.

Nov. 29

* S&P affirmed MetLife Inc. unit Metlife Europe d.a.c.'s long-term local-currency financial strength and counterparty credit ratings at A+, with a stable outlook.

* S&P affirmed the long- and short-term foreign- and local-currency issuer credit ratings of Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden NV, or Dutch Development Bank FMO, at AAA/A-1+, with a stable outlook on the long-term rating.

* Moody's downgraded Italy-based Credito Emiliano SpA's long-term bank deposit ratings to Baa2 from Baa1, with the outlook on the ratings remaining at negative. The agency also affirmed the lender's Prime-2 short-term bank deposit rating, Baa1(cr)/Prime-2(cr) long- and short-term counterparty risk assessments and "baa3" baseline and adjusted baseline credit assessments.

* Fitch affirmed Credendo Single Risk Insurance AG's insurer financial strength rating at A-, with a stable outlook.

* Moody's affirmed Bausparkasse Mainz AG's A2 long-term foreign- and local-currency deposit ratings and raised the outlook on the ratings to stable from negative. At the same time, the agency affirmed the German lender's P-1 short-term foreign- and local-currency deposit ratings, "baa2" baseline and adjusted baseline credit assessments and A2(cr)/P-1(cr) long- and short-term counterparty risk assessments.

Nov. 28

* S&P affirmed the long- and short-term counterparty credit ratings of Standard Chartered Plc at BBB+/A-2 and those of main operating bank Standard Chartered Bank at A/A-1. The outlooks on the long-term ratings are stable.

* Fitch affirmed Stuttgarter mutual insurance group's insurer financial strength rating at A (Strong), with a stable outlook. Stuttgarter Lebensversicherung AG is the holding company and the main operating entity of the group.

* S&P affirmed LeasePlan Corp. NV's BBB-/A-3 long- and short-term issuer credit ratings and revised the outlook to positive from stable, based on its view that the company's stable strategy will support its earnings capacity and capital building.

S&P Global Ratings and S&P Global Market Intelligence are owned by S&P Global Inc.