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 upgraded Armenia's long-term local- and foreign-currency issuer ratings to Ba3 from B1, saying the country's growth drivers have become increasingly diverse, strengthening its economy's resilience to shocks.
* Moody's acted on four Kazakh lenders — JSC Kaspi Bank, SB JSC Sberbank, JSC Halyk Savings Bank of Kazakhstan and House Construction Savings Bank of Kazakhstan JSC — following the change of outlook on Kazakhstan's Baa3 sovereign rating to positive from stable. The agency upgraded the long-term bank deposit ratings of Kaspi Bank to Ba2 from Ba3 and of SB JSC Sberbank to Ba1 from Ba3, both with stable outlooks. Moody's also upgraded SB Sberbank's baseline credit assessment to "b2" from "b3," adjusted baseline credit assessment to "ba2" from "ba3," long-term counterparty risk assessment to Ba1(cr) from Ba2(cr) and long-term counterparty risk ratings to Ba1 from Ba2, among other ratings.
* S&P Global Ratings affirmed the B/B long- and short-term issuer credit ratings of CentroCredit JSCB (JSC) and revised the outlook on the long-term ratings to stable from negative.
AFRICA
* Capital Intelligence Ratings affirmed the long- and short-term foreign-currency ratings of Morocco-based Attijariwafa Bank SA
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