S&PGlobal Market Intelligence presents a weekly overview of ratings actions onEuropean financial institutions and economies. Ratings actions are listed byannouncement date in reverse chronological order.
*Moody's placed onreview for downgrade Turkey's Baa3 long-term issuer and senior unsecured bondratings and (P)Baa3 senior unsecured shelf rating.
*Moody's upgradedSparkasse KölnBonn'sstand-alone baseline credit assessment to "ba1" from "ba2"and affirmed the bank's "baa1" adjusted baseline credit assessment.The agency also affirmed that bank's Aa3 long-term bank deposit ratings; itsP-1 short-term bank deposit ratings; its Aa3(cr)/P-1(cr) long- and short-termcounterparty risk assessments; and its A2 senior unsecured rating.
*A.M. Best affirmed InternationalGeneral Insurance Co. (UK) Ltd.'s A-(Excellent) financial strengthrating and A- issuer credit rating.
*Fitch Ratings affirmedJSCB Almazergienbank(JSC)'s BB- long-term foreign- and local-currency issuer defaultratings with a negative outlook and its A+(rus) national long-term rating witha stable outlook. The bank's B short-term foreign-currency issuer defaultrating, "b" viability rating and 3 support rating were also affirmed.
*Moody's placedBanca Monte dei Paschi di SienaSpA's B2 long-term bank deposits rating and B3 senior unsecuredrating on review for downgrade. The agency downgraded the bank's baselinecredit assessment and adjusted baseline credit assessment to "ca"from "caa2" and affirmed its NP short-term bank deposits rating andNP(cr) short-term counterparty risk assessment, among other ratings actions.
*S&P Global Ratings affirmed Belgium's AA/A-1+ long- and short-termsovereign credit ratings. The outlook is stable.
*S&P affirmed Iceland's BBB+/A-2 long- and short-term foreign- andlocal-currency sovereign credit ratings, with a stable outlook. Fitch affirmedthe country's BBB+ long-term foreign-currency issuer default rating and A-local-currency issuer default ratings with stable outlooks, as well as its BBB+country ceiling and F2 short-term foreign-currency issuer default ratings.
*S&P affirmed Croatia's BB/B long- and short-term foreign- andlocal-currency sovereign credit ratings. The outlook remains negative.
*Fitch affirmedPoland's A-/A long-term foreign- and local currency issuer default ratings withstable outlooks. The country's AA- country ceiling and F2 short-termforeign-currency issuer default rating were also affirmed.
*Fitch affirmedIreland's A long-term foreign- and local-currency issuer default ratings withstable outlooks. Ireland's AAA country ceiling and F1 short-termforeign-currency issuer default rating were also affirmed.
*DBRS confirmedDenmark's AAA/R-1(high) long- and short-term foreign- and local-currency issuerratings. The trend on all the ratings remains stable.
*S&P affirmed Vienna InsuranceGroup AG's A+ long-term insurer financial strength and counterpartycredit ratings. The outlook is stable.
*Fitch affirmedCassa del TrentinoSpA's A long-term foreign- and local-currency issuer defaultratings with a stable outlook. The agency also affirmed the bank's F1short-term foreign-currency issuer default rating.
*Fitch affirmedLegal & General GroupPlc's A+ long-term issuer default rating. The AA- insurer financialstrength rating of L&G core rated operating entity was also affirmed. The outlooks on the ratings are stable.
*Fitch upgradedNational Bank of GreeceSA unit UnitedBulgarian Bank AD's long-term issuer default rating to B+ from Bwith a stable outlook and its viability rating to "b+" from"b". The agency assigned the bank a No Floor support rating floor andaffirmed the bank's B short-term issuer default rating and 5 support rating.Fitch upgraded Raiffeisen BankInternational AG unit Raiffeisenbank (Bulgaria) EAD's viability rating to"bb" from "bb-", while affirming the bank's BBB-/F3 long-and short-term issuer default ratings and 2 support rating. Fitch also affirmedFirst Investment BankAD's B-/B long- and short-term issuer default rating. The outlookon the long-term rating is stable. The bank's "b-" viability rating,5 support rating and No Floor support rating floor were affirmed.
*S&P revised itsoutlook on Norway-based KommunalLandspensjonskasse Gjensidig Forsikringsselskap to stable fromnegative. The agency affirmed KLP's A- long-term insurer financial strength andcounterparty credit ratings.
*Fitch withdrew theratings of Joint-Stock CommercialBank Novikombank for business reasons. Prior to the withdrawal, theagency downgraded the lender's viability rating to "f" from"b-". Fitch maintained the bank's B- long-term foreign- andlocal-currency issuer default ratings, B short-term foreign-currency issuerdefault rating and BB-(rus) national long-term rating at Rating Watch Negative.
*S&P affirmed StorebrandASA unit StorebrandBank ASA's BBB+/A-2 long- and short-term counterparty creditratings and revisedthe outlook on the bank to stable from negative.
*S&P affirmed SächsischeAufbaubank - Förderbank -'s AAA/A-1+ long- and short-term issuercredit ratings. The outlook is stable.
*Fitch affirmedRSA Insurance GroupPlc's BBB+ long-term issuer default rating and the A insurerfinancial strength rating and A- long-term issuer default rating of unitRoyal & Sun AllianceInsurance Plc. The outlooks on all the ratings are stable.
* Moody'smaintained its stable outlook on the France's banking system.
*Fitch affirmedNÜRNBERGERBeteiligungs-AG's A issuer default rating and the A+ insurerfinancial strength rating of its unit NÜRNBERGER Lebensversicherung AG. The outlooks on theratings are stable.
*S&P affirmed PAO Credit Bankof Moscow's BB-/B long- and short-term counterparty credit ratings.The outlook is negative. The agency also affirmed the bank's ruAA- Russianational scale rating.
*DBRS placed BancaMonte dei Paschi di Siena's ratings under review with negative implications.The review includes the bank's BB senior long-term debt and deposits rating,R-4 short-term debt and deposits rating and BBB(low)/R-2(middle) long- andshort-term critical obligations ratings. The rating agency will also reassessthe bank's BB intrinsic assessment as part of the review.
*Moody's assignedSFIL SA Aa3/Prime-1 long-and short-term issuer ratings, with a stable outlook on the long-term rating.
*Fitch affirmedthe A+/F1 long- and short-term issuer default ratings of units and . The outlookon the long-term ratings is stable. The rating agency also affirmed BNP ParibasFortis' "a" viability rating.
*Moody's affirmed Generali's Baa1 insurance financial strength rating andBaa2 senior unsecured debt rating. The rating agency also affirmed the A3insurance financial strength ratings of Generali Deutschland AG, ,Central KrankenversicherungAG, CosmosLebensversicherungs-AG, Generali Versicherung AG. Moody's also affirmed the Baa1insurance financial strength ratings of GeneraliIARD SA, Generali VieSA and GeneraliItalia SpA. The outlooks on all the ratings are stable.
*Fitch affirmedthe B-/B long- and short-term foreign-currency issuer default ratings ofOAO Belarusbank,Belarusian Bank for Development& Reconstruction Belinvestbank JSC and JSC Development Bank of the Republic of Belarus. Therating agency also affirmed Development Bank of the Republic of Belarus's B-long-term local-currency issuer default rating. The outlook on the long-termratings is stable.
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