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European ratings roundup through May 2

S&P Global MarketIntelligence presents a weekly overview of various ratings actions on Europeanfinancial institutions and economies. Ratings actions are listed byannouncement date in reverse chronological order.

April 29

*DBRS revised tostable from negative the trend on France's long-term foreign- andlocal-currency issuer ratings, which were confirmed at AAA. The agency alsoconfirmed the country's R-1(high) short-term foreign- and local-currency issuerratings, which carry a stable trend.

*Fitch Ratings downgraded several ratings on Kazakhstan, includinglowering to BBB from BBB+ the sovereign's long-term foreign-currency issuerdefault rating and to BBB from A- the local-currency issuer default rating.

*Moody's assigned anegative outlook on Azerbaijan's long-term issuer ratings and senior unsecureddebt ratings. The ratings were confirmed at Ba1.

* Standard& Poor's Ratings Services affirmedthe unsolicited long- and short-term sovereign credit ratings on the U.K. atAAA/A-1+, with the long-term rating carrying a negative outlook. The AAA/A-1+long- and short-term issuer credit ratings on the were also affirmed.The BoE's long-term rating carries a negative outlook.

*Moody's assignedAa2/Prime-1 long- and short-term deposit ratings and Aa3/Prime-1 long- andshort-term issuer ratings to Liechtensteinische Landesbank AG. The agency alsoassigned the lender long- and short-term counterparty risk assessments ofAa1(cr)/Prime-1(cr) and baseline and adjusted baseline credit assessments of"a2." The outlooks on all the long-term ratings are stable.

*Moody's assigned A2insurance financial strength ratings on Tryg A/S units Tryg Forsikring A/S and . Theoutlook is positive. The company terminated the ratings agreement with Standard& Poor's Ratings Services, it said.

April 28

*Moody's took ratingsactions on SparebankenHedmark, including assigning the bank a long-term issuer rating ofA2, with a stable outlook.

*Moody's raisedseveral ratings on Dexia CréditLocal SA unit DexiaCrediop SpA, including upgrading to Baa3 from Ba3 the long-termdeposit and senior unsecured ratings. The "b2" adjusted baselinecredit assessment was affirmed.

*Moody's raised to Ba1from Ba2 the long-term deposit and senior debt ratings on , with a stable outlook.The rating agency upgraded the lender's baseline and adjusted baseline creditassessments to "ba1" from "ba2" and the long- andshort-term counterparty risk assessments to Baa2(cr)/Prime-2(cr) fromBaa3(cr)/Prime-3(cr).

* Moody's affirmed the B2 long-term foreign- and local-currencycorporate family and issuer ratings on EkspoFaktoring AS. The outlook on the ratings was changed to stable fromnegative. The national scale long-term issuer rating was affirmed.

* Moody's confirmed DenizBank AS local- and foreign-currency long-termdeposit ratings at Ba2, with a negative outlook, the adjusted baseline creditassessment at "ba2" and counterparty risk assessment at Ba1(cr). Theratings actions follow the confirmation of ratings on parent .

* Fitch affirmedNV Bank NederlandseGemeenten's long- and short-term issuer default ratings at AA+/F1+,with a stable outlook for the long-term ratings. The 1 support rating, and AA+support rating floor and long-term senior unsecured debt ratings were alsoaffirmed.

April 27

*Following the downgrade of ratings on Kazakhstan, Moody's various ratings on , JSC HalykSavings Bank of Kazakhstan and PAO Sberbank of Russia unit .

*Fitch affirmed and subsequently withdrew various ratings on , includingthe long- and short-term issuer default ratings of D, or Default, and the"f" viability rating, following the approval of the lender'sresolution by the Andorra Bank Resolution Authority.

*Moody's assigned aBaa3 long-term global scale local-currency senior unsecured debt rating toING BANK (EURASIA)JSC, with a negative outlook. The company has a baseline creditassessment of "ba3". 

* DBRSconfirmed 's senior long-andshort-term debt and deposits rating at A(low)/R-1(low).

April 26

*Moody's took ratingsactions on numerous Russian lenders, including lowering by several notches theadjusted baseline credit assessments of Bank VTB 24, JSCRussian Bank for Small & Medium Enterprises Support or SMEBank, and Eximbank ofRussia. The agency confirmed the long-term ratings of the threelenders and of others, including PAO VTB Bank, Vnesheconombank and JSC The Agency for Housing Mortgage Lending.

*Moody's to Baa1 from Baa2 thelong-term issuer ratings on Investec Plc, while changing the outlook to stable fromratings under review. The U.K. lender's short-term issuer rating was affirmedat Prime-2.

*S&P changed theoutlook on PJSCKredobank to positive from negative, while upgrading the company'sUkraine national scale rating to uaBB- from uaB+. The CCC+/C long- andshort-term counterparty credit ratings were affirmed.

*Moody's took ratingsactions on PJSC Asian-PacificBank, including lowering to B3 from B2 the lender's long-termlocal- and foreign-currency deposit ratings, with a negative outlook, and to"b3" from "b2" the baseline and adjusted baseline creditassessments. The long-term counterparty risk assessment was downgraded toB2(cr) from B1(cr).

*Fitch put on ratingwatch several ratings on BancoBPI SA, including placing the BB long-term issuer default rating onthe bank and unit Banco Portuguêsde Investimento SA on Rating Watch Evolving.

*Fitch affirmedthe long-term issuer default rating on MAPFRE SA at BBB+, while affirming the A- insurerfinancial strength ratings on units MAPFRE España Compañia De Seguros Y Reaseguros SA,MAPFRE Vida SA De Seguros YReaseguros Sobre La Vida Humana, Mapfre Global Risks SA, and MapfreRe Compania de Reaseguros SA. The ratings carry stable outlooks.

* Following CaixaBank SA's announcement of a voluntary for Banco BPI,Fitch affirmedthe Spanish bank's long- and short-term issuer default rating at BBB/F2. Thelong-term rating carries a positive outlook, reflecting a potential ratingupgrade subject to further improvements in the bank's asset quality, riskprofile and capital, and the completion of the BPI deal. The agency alsoaffirmed the "bbb" viability rating, 5 support rating, No Floorsupport rating floor, BBB/F2 long-and short-term senior unsecured debt ratings.

*S&P affirmedNorway-based EiendomskredittAS's long- and short-term counterparty credit rating at BBB/A-2.The outlook is negative, reflecting the agency's view of increasing economicrisks in the country and potential downside to the company's role as acommercial real estate financier for its owner banks from new regulations.

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