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 maintained the A long-term issuer default ratings of Royal Bank of Scotland Group PLC and Nationwide Building Society on Rating Watch Negative. The agency affirmed the banks' viability rating at "a," short-term issuer default rating at F1, support rating at 5 and support rating floor at No Floor.
* Fitch also maintained the A long-term issuer default ratings of Santander UK Group Holdings PLC and unit Abbey National Treasury Services Plc on Rating Watch Negative. Also maintained on Rating Watch Negative is Santander UK PLC's A+ long-term issuer default rating. The agency affirmed the companies' short-term issuer default ratings at F1.
* Fitch maintained the A+ long-term issuer default ratings Lloyds Banking Group PLC and units Lloyds Bank PLC, HBOS PLC and Bank of Scotland PLC. The agency also affirmed the short-term issuer default ratings of the lenders at F1 and the "a" viability ratings of Lloyds Banking Group, Lloyds Bank and Bank of Scotland.
* S&P Global Ratings assigned Spanish specialty lender Instituto de Crédito Oficial A/A-1 long- and short-term issuer credit ratings, with a stable outlook on the long-term rating.
* S&P Global Ratings affirmed Cyprus-based Ronin Europe Ltd's BB-/B long- and short-term issuer credit ratings, with a stable outlook on the long-term rating.
MIDDLE EAST
* Capital Intelligence Ratings affirmed Abu Dhabi Commercial Bank PJSC's A+/A1 long- and short-term foreign-currency ratings and assigned the lender bank stand-alone and core financial strength ratings of "bbb+." The outlook on the long-term foreign-currency rating and stand-alone rating is stable.
* CI Ratings raised United Arab Emirates-based Arab Bank for Investment & Foreign Trade PJSC's long- and short-term foreign-currency ratings to A/A1 from A-/A2 and assigned the lender a bank stand-alone rating of "bbb" and a core financial strength rating of "bbb-," with stable outlooks on the long-term foreign-currency and bank stand-alone ratings.
* Fitch affirmed Al Ahli Bank of Kuwait KSCP's A+/F1 long- and short-term issuer default ratings, "bb+" viability rating, 1 support rating and A+ support floor, with a stable outlook on the long-term issuer default rating.
* Fitch also affirmed Kuwait-based Boubyan Bank KSCP's A+/F1 long- and short-term issuer default ratings, "bbb-" viability rating, 1 support rating and A+ support floor, with a stable outlook on the long-term issuer default rating.
* CI Ratings affirmed Bahrain-based GFH Financial Group BSC's BB/B long- and short-term foreign-currency ratings, with a stable outlook.
AFRICA
* S&P Global Ratings affirmed the B+/B long- and short-term issuer credit ratings of KCB Bank Kenya Ltd., with a stable outlook.
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