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EMEA ratings roundup, Sept. 2

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EMEA ratings roundup, Sept. 2

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 the long- and short-term issuer default and senior unsecured ratings of Standard Chartered PLC and unit Standard Chartered Bank at A/F1 and A+/F1, respectively. The outlook on both banks' long-term ratings is stable. Fitch also affirmed both entities' viability ratings of "a", support ratings of 5 and support floor ratings of No Floor.

* DBRS confirmed Nationwide Building Society's A (high)/R-1 (middle) long- and short-term issuer and deposits ratings, A (high) long-term senior debt rating, R-1 (middle) short-term debt rating and AA/R-1 (high) long- and short-term critical obligations ratings. The trend on all the ratings is stable. The rating agency noted that Nationwide Building Society's intrinsic assessment is A (high), while its support assessment remains at SA3.

* Fitch affirmed Aegon NV unit Aegon Bank NV's A-/F2 long- and short-term issuer default ratings and 1 support rating. The outlook on the bank's long-term rating is stable.

* ACRA affirmed HSBC Holdings PLC unit HSBC Bank (RR) LLC's AAA(RU) credit rating, with a stable outlook.

MIDDLE EAST

* Moody's assigned Baa1/Prime-2 long- and short-term bank deposit ratings to Bahrain-based Gulf International Bank BSC's Saudi Arabia unit, with a stable outlook on the long-term rating. The agency also assigned the bank a baseline credit assessment of "ba3", adjusted baseline credit assessment of "ba2," long- and short-term counterparty risk ratings of Baa1/Prime-2 and long- and short-term counterparty risk assessments of Baa1(cr)/Prime-2(cr).

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