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EMEA ratings roundup, March 15

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

EUROPE

* S&P Global Ratings raised Portugal's unsolicited foreign- and local-currency long- and short-term sovereign credit ratings to BBB/A-2 from BBB-/A-3, with a stable outlook, citing the country's declining debt and balanced growth.

* S&P Global Ratings affirmed Malta's A-/A-2 long- and short-term sovereign credit ratings. The outlook remains positive.

* S&P Global Ratings affirmed the B+/B long- and short-term foreign- and local-currency sovereign credit ratings of Montenegro. The outlook on the long-term ratings remains stable.

* S&P Global Ratings also affirmed Luxembourg's AAA/A-1+ long- and short-term foreign- and local-currency sovereign credit ratings and Austria's AA+/A-1+ long- and short-term foreign- and local-currency sovereign credit ratings, with stable outlooks.

* S&P Global Ratings affirmed Romania's long- and short-term foreign- and local-currency sovereign credit ratings at BBB-/A-3. The outlook remains stable.

* S&P Global Ratings affirmed Finland's long- and short-term foreign and local currency sovereign credit ratings at AA+/A-1+, with the outlook remaining stable.

* Fitch Ratings affirmed the AAA /F1+ long- and short-term term issuer default ratings and AAA country ceiling of Norway. The outlook on the long-term ratings is stable.

* Fitch also affirmed Switzerland's AAA/F1+ long- and short-term foreign- and local-currency issuer default ratings and AAA country ceiling. The outlook on the long-term ratings is stable.

* Fitch affirmed the BBB+/F2 long- and short-term issuer default ratings of Italian lender Banca Nazionale del Lavoro, with a negative outlook on the long-term rating. The agency also affirmed the BNP Paribas SA unit's "bb+" viability rating and 2 support rating.

* Fitch affirmed Russia-based International Bank for Economic Co-operation's BBB-/F3 long-and short-term issuer default ratings. The outlook on the long-term rating is stable.

* Fitch maintained Virgin Money Holdings (UK) PLC's BBB+ long-term issuer default rating on Rating Watch Negative, while upgrading the U.K.-based lender's support rating to 2 from 5 and affirming its F2 short-term issuer default rating. The agency affirmed and withdrew the lender's "bbb+" viability rating and No Floor support rating floor.

* Fitch assigned Germany-based Credit Suisse (Deutschland) AG long- and short-term issuer default ratings of A-/F1. The Credit Suisse Group AG unit was also assigned a support rating of 1 and long- and short-term deposit ratings of A-/F1. The outlook is positive.

* Moody's took various ratings actions on JSCB with Foreign Capital Hamkorbank, including upgrading the Uzbekistan-based lender's long-term local-currency deposit rating to B1 from B2, with the outlook changed to stable from positive.

* Moody's downgraded Russia-based Public Stock Co. Orient Express Bank's local- and foreign-currency long-term bank deposit ratings to Caa1 from B3, and changed the outlook on the ratings to negative from rating under review, among other ratings actions.

MIDDLE EAST

* S&P Global Ratings affirmed Jordan's B+/B long- and short-term foreign- and local-currency sovereign credit ratings. The outlook remains stable.

AFRICA

* S&P Global Ratings affirmed Nigeria's B/B long- and short-term sovereign credit ratings, with a stable outlook. The country's ngA/ngA-1 long- and short-term national scale ratings were also affirmed.

* S&P Global Ratings affirmed Ghana's long-and short-term foreign- and local-sovereign credit ratings at B/B, with a stable outlook.

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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.