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 TP Icap PLC's BBB- long-term issuer default rating, with a stable outlook.
* S&P Global Ratings affirmed Banco Santander Totta SA's BBB/A-2 long- and short-term issuer credit and resolution counterparty ratings and revised the outlook on the long-term issuer credit rating to positive from stable. At the same time, the rating agency affirmed Banco BPI SA's BBB/A-2 long- and short-term issuer credit and resolution counterparty ratings. The outlook on the Portuguese lender's long-term issuer credit rating is stable.
* Moody's affirmed Skandiabanken AB (publ)'s A2/P-1 long- and short-term bank deposit ratings, its "baa2" baseline and "a3" adjusted baseline credit assessments, Aa3/P-1 long- and short-term counterparty risk ratings and Aa3(cr)/P-1(cr) long- and short-term counterparty risk assessments. The outlook on the Swedish lender's long-term bank deposit rating remains stable.
* Fitch upgraded Russia-based Expobank LLC's long-term foreign- and local-currency issuer default ratings to BB- from B+ and its viability rating to "bb-" from "b+," and removed the ratings from Rating Watch Evolving. The outlook on the long-term issuer default ratings is stable. Its short-term issuer default rating, support rating and support rating floor were affirmed at B, 5, and No Floor, respectively.
AFRICA
* Capital Intelligence Ratings affirmed Crédit du Maroc SA's BBB-/A3 long- and short-term foreign-currency ratings. The agency also assigned the Moroccan lender a bank standalone rating and core financial strength rating of "bb+" and an extraordinary support level of High. The outlook on the long-term foreign-currency rating and bank standalone rating is stable.
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