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 the long-term foreign- and local-currency issuer default ratings and debt ratings of 21 Russian and Russian-owned financial entities by one notch, following an upgrade of Russia's ratings. The agency upgraded the ratings of PAO Sberbank of Russia, State Development Corp. VEB.RF and PJSC Rosbank to BBB/F2 from BBB-/F3, among others.
* Fitch also upgraded the long-term issuer default ratings of four Russian regional banks — Primsotsbank, JSCB Chelindbank, Bank Avers and Levoberezhny — to BB from BB-.
AFRICA
* Fitch downgraded Lesotho's long-term foreign- and local-currency issuer default ratings to B from B+. The outlook on the long-term rating was changed to stable from negative. The country ceiling was downgraded to B+ from BB-, while the African country's short-term foreign- and local-currency issuer default ratings were affirmed at B.
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