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EMEA ratings roundup, Oct. 24

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EMEA ratings roundup, Oct. 24

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 extended the review for downgrade of Russia-based JSCB Interprombank's Caa1 long-term bank deposit and counterparty risk ratings, as well as on its Caa1(cr) long-term counterparty risk assessment. Moody's said the outlook on the long-term bank deposit rating is rating under review. The rating agency also affirmed the bank's "ca" baseline and adjusted baseline credit assessments, Not Prime short-term bank deposit and counterparty risk ratings and Not Prime (cr) short-term counterparty risk assessment.

MIDDLE EAST

* S&P Global Ratings placed Lebanon's B-/B long- and short-term foreign- and local-currency sovereign credit ratings on CreditWatch with negative implications, citing the risk to the country's creditworthiness stemming from mounting fiscal, financial and monetary pressures.

* Capital Intelligence Ratings affirmed the BBB/A3 long- and short-term foreign-currency ratings of Kuwait-based Al Imtiaz Investment Group Company - K.S.C. (Public), with a positive 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.