S&P Global Market Intelligence presents a daily summary of ratings actions on European, Middle Eastern and African financial institutions and economies.
EUROPE
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* Moody's downgraded First Investment Bank AD's long-term deposit rating to B2 from B1, with a stable outlook. The rating agency also lowered the Bulgarian lender's baseline credit assessment and adjusted baseline credit assessment to "b3" from "b2," long-term counterparty risk rating to Ba3 from Ba2 and the long-term counterparty risk assessment to Ba2(cr) from Ba1(cr). Its Not-Prime short-term deposit rating and counterparty risk rating and Not-Prime(cr) short-term counterparty risk assessment were affirmed.
AFRICA
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