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EMEA ratings roundup, March 8

S&P Global Market Intelligence presents a daily summary of ratings actions on European, Middle Eastern and African financial institutions and economies.

EUROPE

* S&P Global Ratings affirmed Denmark's unsolicited AAA/A-1+ long-term and short-term foreign- and local- currency sovereign credit ratings. The country's unsolicited transfer and convertibility assessment was affirmed at AAA.

* S&P Global Ratings affirmed Kazakhstan's BBB-/A-3 long- and short-term foreign- and local- currency sovereign credit ratings. The outlook is stable. The rating agency also affirmed the country's kzAAA national scale rating, while the transfer and convertibility assessment remained at BBB.

* S&P Global Ratings revised the outlook on Bosnia and Herzegovina's sovereign credit rating to positive from stable. The rating agency affirmed the country's long- and short-term foreign- and local-currency sovereign credit ratings at B/B.

* S&P Global Ratings affirmed the long- and short-term foreign- and local- currency sovereign credit ratings of North Macedonia at BB-/B. The outlook is stable.

* Fitch Ratings assigned B long- and short-term foreign- and local-currency issuer default ratings to Benin, with positive outlooks on the long-term ratings. The rating agency also assigned the country a BB+ country ceiling.

* Fitch affirmed Ukraine's long- and short-term foreign- and local-currency issuer default rating at B-/B, with stable outlooks on the long-term ratings. The country ceiling was affirmed at B-. Meanwhile, the rating agency affirmed the country's issue ratings on long-term senior unsecured foreign- and local-currency bonds at B-.

* DBRS confirmed Luxembourg's long-term foreign- and local-currency issuer ratings at AAA. Meanwhile, the rating agency confirmed the country's short-term foreign- and local-currency issuer ratings at R-1 (high). The trend is stable on all ratings.

* S&P Global Ratings revised the outlook on Greece's Black Sea Trade & Development Bank to positive from stable. The rating agency also affirmed the multilateral lending institution's long- and short-term issuer credit ratings at A-/A-2. The rating agency also affirmed the institution's issue rating on senior unsecured debt at A-. Furthermore, the agency removed the ratings from under criteria observation, where they have been since Dec. 14, 2018.

* Moody's extended the review for downgrade on U.K.-based VTB Capital PLC's Ba3 local- and foreign-currency long-term bank deposit ratings, its "b2" baseline credit assessment, "b1" adjusted baseline credit assessment, and counterparty risk assessment of Ba1(cr).

AFRICA

* S&P Global Ratings affirmed Congo-Brazzaville's long- and short-term foreign- and local-currency sovereign credit ratings at B-/B. The outlook is stable. The rating agency also affirmed the country's transfer and convertibility assessment at BBB-.

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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.