trending Market Intelligence /marketintelligence/en/news-insights/trending/Kt6Uiu7kT14OHmqD8UFvSQ2 content esgSubNav
In This List

EMEA ratings roundup, Sept. 6

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, Sept. 6

S&P Global Market Intelligence presents a daily summary of ratings actions on European, Middle Eastern and African financial institutions and economies.

EUROPE

* Fitch upgraded Ukraine's long-term foreign- and local-currency issuer default ratings to B from B-. The outlook on the ratings is positive.

* Moody's changed the outlook on Serbia's Ba3 ratings to positive from stable. The agency also affirmed the country's Ba3 long-term issuer and senior unsecured debt ratings.

* S&P Global Ratings affirmed Kazakhstan's BBB-/A-3 long- and short-term foreign- and local-currency sovereign credit ratings, with a stable outlook. Kazakhstan's kzAAA national scale rating and BBB- senior unsecured debt rating were also affirmed. Separately, Fitch Ratings affirmed Kazakhstan's BBB/F2 long- and short-term foreign- and local-currency issuer default ratings, with stable outlooks on the long-term ratings, as well as its BBB+ country ceiling and BBB long-term senior unsecured debt rating.

* Fitch affirmed Luxembourg's long- and short-term foreign- and local-currency issuer default ratings at AAA/F1+, with stable outlooks. Its country ceiling and long-term senior unsecured debt rating were affirmed at AAA. DBRS also confirmed Luxembourg's long- and short-term foreign- and local-currency issuer ratings at AAA/R-1 (high), with stable trends.

* Fitch upgraded the short-term issuer default and deposit ratings of Germany's Commerzbank AG to F1 from F2. The ratings were removed from under criteria observation.

* Fitch affirmed European Investment Bank's AAA/F1+ long- and short-term issuer default ratings, with a stable outlook on the long-term rating. Its long-term senior unsecured debt rating was also affirmed, at AAA.

* S&P Global Ratings affirmed Landwirtschaftliche Rentenbank's AAA/A-1+ long- and short-term issuer credit ratings, with a stable outlook. The agency also affirmed the German bank's AAA senior unsecured debt rating.

* Fitch assigned an F1 short-term issuer default rating to Land Securities Plc, a direct subsidiary of U.K.-based diversified real estate investment trust Landsec.

* S&P Global Ratings affirmed the long- and short-term issuer credit ratings of Netherlands-based Achmea Bank NV at A-/A-2, with a stable outlook on the long-term rating. Its senior unsecured debt rating was affirmed at A-.

* S&P Global Ratings affirmed Kazakhstan-based Bank assa Nova JSC's B/B long- and short-term issuer credit ratings, with a stable outlook. The agency also affirmed the bank's kzBB+ Kazakhstan national scale rating.

* Moody's withdrew Hungary-based Takarék Jelzálogbank Nyrt.'s Ba3/Not Prime long- and short-term local- and foreign-currency bank deposit ratings, among other ratings. The long-term deposit ratings carried a positive outlook at the time of withdrawal.

MIDDLE EAST

* Capital Intelligence Ratings affirmed the long- and short-term foreign-currency ratings of Lebanon-based Bank Audi SAL and Byblos Bank SAL at B/B and assigned them bank standalone ratings of "b". The outlook on the long-term foreign-currency ratings and bank standalone ratings is negative. The agency also assigned the banks core financial strength ratings of "bb-" and extraordinary support levels of Uncertain.

AFRICA

* CI Ratings affirmed Egypt's B+/B long- and short-term foreign- and local-currency ratings, with stable outlooks.

* Fitch affirmed the Republic of Congo's CCC/C long- and short-term foreign- and local-currency issuer default ratings and downgraded the country ceiling to B+ from BB-. Its long-term senior unsecured debt rating was affirmed at CCC.

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.