trending Market Intelligence /marketintelligence/en/news-insights/trending/ThN75CzogRuczBLeXY_Uew2 content esgSubNav
In This List

EMEA ratings roundup, Jan. 20

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Podcast

Street Talk | Episode 97: Recessionary fears still keeping bank investors on the sidelines

Blog

Making sanctions effective: Key themes for banks


EMEA ratings roundup, Jan. 20

S&P Global Market Intelligence presents a daily summary of ratings actions on European, Middle Eastern and African financial institutions. This feature excludes previously reported stories.

EUROPE

* S&P Global Ratings affirmed U.K.-based Nationwide Building Society's A/A-1 long- and short-term issuer credit ratings and A+/A-1 long- and short-term resolution counterparty ratings, with a positive outlook on the long-term issuer credit rating.

* Moody's withdrew the B1/Not Prime long- and short-term local- and foreign-currency deposit ratings, Ba3/Not Prime long- and short-term local- and foreign-currency counterparty risk ratings, Ba3(cr)/Not Prime(cr) long- and short-term counterparty risk assessments and "b1" baseline and adjusted baseline credit assessments of Russia-based CB LOCKO-Bank (JSC). The outlook on the long-term deposit ratings was positive at the time of the withdrawal.

* ACRA upgraded the credit rating of Russia-based Interregional Bank for Settlements of the Telecommunications & Postal Services, or Sviaz-Bank, to AA-(RU) from BBB+(RU) and changed the outlook on the rating to positive from developing.

* Fitch Ratings affirmed the B+/B long- and short-term foreign- and local-currency issuer default ratings of Turkey-based Anadolubank AŞ and changed the outlooks on the long-term ratings to stable from negative. The agency also affirmed the lender's A(tur) national long-term rating with a stable outlook and its "b+" viability rating.

Fitch also affirmed the B/B long- and short-term foreign- and local-currency issuer default ratings and "b" viability rating of Turkey-based Odea Bank AŞ, with negative outlooks on the long-term issuer default ratings. The lender's BBB(tur) national long-term rating was affirmed with its outlook revised to negative from stable.

Additionally, Fitch affirmed the B+/B long- and short-term foreign- and local-currency issuer default ratings, A-(tur) national long-term rating, and "b" viability rating of Turkish bank Fibabanka AŞ, with negative outlooks on the long-term issuer default ratings and a stable outlook on the national long-term rating.

At the same time, Fitch affirmed the B-/B long- and short-term foreign- and local-currency issuer default ratings and "b-" viability rating of Turkey-based Şekerbank TAŞ, with negative outlooks on the long-term issuer default ratings. The agency also affirmed the lender's national long-term rating at BB+(tur) and changed the outlook on the rating to negative from stable.

The four Turkish banks' 5 support rating and No Floor support floor were affirmed.

Links are current as of publication time, and we are not responsible if those links are unavailable later.

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.