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EMEA ratings roundup, Aug. 30

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EMEA ratings roundup, Aug. 30

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 Unipol Banca SpA's long- and short-term deposit ratings to Baa3/P-3 from Ba1/NP, and revised the outlook on the long-term ratings to positive from ratings under review. Additionally, Moody's upgraded the Italian bank's long- and short-term counterparty risk ratings to Baa3/P-3 from Ba1/NP and its long- and short-term counterparty risk assessments to Baa3(cr)/P-3(cr) from Ba1(cr)/NP(cr), while its senior unsecured debt rating was affirmed at Ba3. The outlook on the senior unsecured debt remains positive. The agency also withdrew Unipol Banca's "b2" baseline credit assessment and "b1" adjusted baseline credit assessment.

* Fitch Ratings affirmed Switzerland's AAA/F1+ long- and short-term foreign- and local-currency issuer default ratings, with a stable outlook. Also affirmed were its country ceiling and long-term senior unsecured debt rating at AAA.

* Moody's affirmed Luxembourg's Aaa senior unsecured and long-term issuer ratings, with a stable outlook.

* S&P Global Ratings affirmed Romania's BBB-/A-3 long- and short-term foreign- and local-currency sovereign credit ratings, with a stable outlook. The agency also affirmed the country's senior unsecured debt rating at BBB-.

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

* DBRS confirmed Slovenia's A/R-1 (low) long- and short-term foreign- and local-currency issuer ratings and changed the trend on all the ratings to positive.

* Moody's affirmed Bulgaria's Baa2 long-term foreign- and local-currency issuer and senior unsecured foreign-currency debt ratings. The outlook on the country's ratings was revised to positive from stable.

* Moody's withdrew several ratings of Russia-based PJSC Baltic Investment Bank, including its Caa1/Not Prime long- and short-term bank deposit ratings and its "caa3" baseline and "caa2" adjusted baseline credit assessments, citing its own business reasons. The outlook on the bank's long-term deposit ratings was stable prior to the withdrawal.

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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.