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 affirmed French bank La Banque Postale SA's A-/F1 long- and short-term issuer default and senior preferred debt ratings, with a stable outlook on the long-term issuer default rating. The agency also affirmed the bank's "a-" viability rating, 1 support rating, A- support rating floor and long-term senior non-preferred debt rating.
* S&P Global Ratings affirmed Ireland-based AIB Group PLC's BBB-/A-3 long- and short-term issuer credit ratings and BBB- senior unsecured debt rating. The outlook on the long-term issuer credit rating is stable. The agency also affirmed AIB unit Allied Irish Banks PLC's BBB+/A-2 long- and short-term issuer credit ratings, with a stable outlook on the long-term rating. Also affirmed were the unit's A-/A-2 long- and short-term resolution counterparty ratings and BBB+ senior unsecured debt rating.
* S&P Global Ratings affirmed British financial services software provider Finastra Group Holdings Ltd.'s B- senior secured debt rating and Luxembourg-based banking software developer Turaz Global SARL's B- long-term issuer credit rating. The outlook on Turaz's long-term issuer credit rating is stable.
* S&P Global Ratings revised the outlook on the long-term issuer credit rating of Millennium BCP, or Banco Comercial Português SA, to positive from stable, while affirming the rating at BB. The agency also affirmed the bank's B short-term issuer credit rating and BBB-/A-3 long- and short-term resolution counterparty ratings. In addition, the agency affirmed the BB senior unsecured debt rating of Cayman Islands-based BCP Finance Bank Ltd., which acts as an overseas finance vehicle of Banco Commercial Portuguese Group.
* S&P Global Ratings upgraded Portugal-based Haitong Bank SA's long-term issuer credit rating to BB from BB-, with a stable outlook. The agency affirmed the bank's short-term issuer credit rating at B. In addition, the agency upgraded the bank's Irish unit Haitong Investment Ireland PLC's senior unsecured debt rating to BB from BB-.
* Moody's changed the outlook on the long-term bank deposit rating of Russian Public Joint-Stock Commercial Roads Bank (PJSC), or RosDorBank, to positive from stable, while affirming the rating at B3. The agency also affirmed the Russian bank's Not Prime short-term bank deposit rating, "b3" baseline and adjusted baseline credit assessments, B2(cr)/Not Prime(cr) long- and short-term counterparty risk assessments and B2/Not Prime long- and short-term counterparty risk ratings. The outlook on the company was changed to positive from stable.
* ACRA affirmed Russian lender Vozrozhdenie Bank's A-(RU) credit rating and changed the outlook to positive. The positive outlook reflects the expected completion of the bank's integration with parent VTB Bank PJSC in mid-2020, the agency said.
* ACRA affirmed Russia-based Commerzbank (Eurasija) AO's credit rating at AAA(RU), with a stable outlook.
AFRICA
* Capital Intelligence Ratings downgraded BMCE Bank of Africa's long- and short-term foreign currency ratings to BB+/B from BBB-/A3. The agency also assigned the bank "bb-" bank stand-alone and core financial strength ratings. The outlook on the long-term foreign currency rating and bank stand-alone rating is stable.
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