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EMEA ratings roundup, Aug. 8

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EMEA ratings roundup, Aug. 8

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 lowered the baseline credit assessment of U.K.-based ICBC Standard Bank PLC to "b1" from "ba3." The agency also affirmed the bank's Baa3/Prime-3 long- and short-term bank deposit ratings, with a stable outlook on the long-term rating.

* Fitch Ratings affirmed Turkish lender DenizBank AŞ's B+/B long- and short-term foreign currency issuer default ratings and BB-/B long- and short-term local currency issuer default ratings, with negative outlooks. The agency also affirmed the bank's 4 support rating, "b+" viability rating and AA(tur) national long-term rating that carries a stable outlook. DenizBank was recently sold to Emirates NBD Bank PJSC by PAO Sberbank of Russia.

* ACRA affirmed Russia-based JSC Natixis Bank's credit rating at AAA(RU), with a stable outlook.

Africa

* Moody's assigned Togo-based Oragroup SA first-time long- and short-term local- and foreign-currency issuer ratings of Caa1/Not Prime, with a positive outlook on the long-term rating.

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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.