trending Market Intelligence /marketintelligence/en/news-insights/trending/kd6qSeS38YhLrfLzasmeGA2 content esgSubNav
In This List

EMEA ratings roundup, Aug. 19

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


EMEA ratings roundup, Aug. 19

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.

Links are current as of publication time, and we are not responsible if those links are unavailable later.

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.