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EMEA ratings roundup, Aug. 23

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EMEA ratings roundup, Aug. 23

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

EUROPE

* Moody's affirmed the A3 long-term issuer and senior unsecured ratings, (P)A3 senior unsecured medium-term note program rating and (P)P-2 domestic currency short-term rating of Lithuania, with the outlook revised to positive from stable.

* Fitch Ratings affirmed the BBB/F2 long- and short-term foreign- and local-currency issuer default ratings of Bulgaria, with positive outlooks on the long-term ratings. The agency also affirmed Bulgaria's A- country ceiling.

* S&P Global Ratings affirmed Tajikistan's B-/B long- and short-term foreign- and local-currency sovereign credit ratings, with a stable outlook on the long-term rating.

* S&P Global Ratings affirmed Standard Life Aberdeen PLC's long-term issuer rating at A-, with a stable outlook.

* Moody's affirmed the Aaa long-term issuer rating of Luxembourg-based European Investment Bank, with a stable outlook. The agency also affirmed the development bank's Aaa/(P)Aaa long- and short-term senior unsecured debt ratings.

MIDDLE EAST

* Fitch Ratings downgraded the long-term foreign-currency issuer default rating of Lebanon to CCC from B-, while S&P Global Ratings affirmed its B-/B long- and short-term foreign and local currency sovereign ratings, with a negative outlook on the long-term ratings.

* S&P Global Ratings affirmed the B-/B long- and short-term foreign- and local-currency sovereign credit ratings of Iraq, with a stable outlook on the long-term rating.

AFRICA

* S&P Global Ratings downgraded Zambia's long- and short-term foreign- and local-currency sovereign credit ratings to CCC+/C from B-/B, with a stable outlook on the long-term ratings.

* Moody's affirmed Tanzania's long-term local- and foreign-currency issuer ratings at B1 and maintained the negative outlook on the ratings.

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