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European ratings roundup through Dec. 19

S&P Global Market Intelligence presents a weekly overview of ratings actions on European financial institutions and economies. Ratings actions are listed by announcement date in reverse chronological order.

Dec. 19

* S&P Global Ratings affirmed the BBB-/A-3 long- and short-term issuer credit ratings on Cassa depositi e prestiti SpA. The outlook is stable.

* Moody's affirmed UniCredit SpA's Baa1 long-term senior debt and deposit ratings, Prime-2 short-term ratings and "ba1" baseline credit assessment and adjusted baseline credit assessment. Moody's also affirmed certain ratings of UniCredit units UniCredit International Bank (Luxembourg) SA and UniCredit Bank Ireland Plc, including the Baa1 backed senior unsecured regular bond/debenture ratings. The outlook on the ratings remains stable.

* S&P placed all the ratings of Allied World Assurance Co. Holdings AG and its operating companies on CreditWatch with negative implications.

* Fitch Ratings placed PAO AK Bars Bank's BB- long-term foreign- and local-currency issuer default ratings on Rating Watch Negative. The rating agency also placed the bank's A+(rus) national long-term rating and support rating of 3 on Rating Watch Negative and affirmed its short-term foreign-currency issuer default rating at B.

* S&P revised the outlook on Hrvatska banka za obnovu i razvitak to stable from negative. The agency affirmed the bank's BB/B long- and short-term issuer credit ratings.

Dec. 16

* Fitch affirmed Serbia's long-term foreign- and local-currency issuer default ratings at BB-, with a stable outlook. Also affirmed were Serbia's BB- senior unsecured long-term foreign- and local-currency bonds, B short-term foreign- and local-currency issuer default ratings, B senior unsecured short-term foreign- and local-currency bonds and BB- country ceiling. Meanwhile, S&P revised its outlook on Serbia to positive from stable and affirmed the country's long- and short-term foreign- and local-currency sovereign credit ratings at BB-/B.

* S&P affirmed the unsolicited AAA/A-1+ long- and short-term foreign- and local-currency sovereign credit ratings on Germany. The outlook is stable.

* Moody's affirmed LGT Bank AG's Aa2 long-term local- and foreign-currency bank deposit ratings, Aa3 long-term local-currency senior unsecured debt ratings and Aa3 long-term issuer rating. The outlook on the ratings is stable. Also affirmed were the bank's Aa1(cr)/P-1(cr) long- and short-term counterparty risk assessments, P-1 short-term local- and foreign-currency bank deposit ratings, and "a2" baseline credit assessment and adjusted baseline credit assessment.

* Fitch affirmed KAS BANK NV's A-/F2 long- and short-term issuer default ratings and "a-" viability rating. The outlook on the long-term rating is stable. The agency also affirmed the bank's support rating and support rating floor at 5 and No Floor, respectively.

* S&P revised the outlook on Oberösterreichische Landesbank AG to stable from positive, while affirming the bank's A/A-1 long- and short-term counterparty credit ratings.

* Moody's downgraded JSC Russian Bank for Small & Medium Enterprises Support's long-term local-currency debt and deposit ratings to Ba2 from Ba1. The agency also downgraded the bank's baseline credit assessment and adjusted baseline credit assessment to "b2" from "b1." At the same time. Moody's affirmed SME Bank's Not Prime short-term foreign-currency deposit rating, Ba2 long-term foreign-currency deposit rating and Ba1(cr)/Not Prime(cr) counterparty risk assessments. The outlook on all the long-term global scale ratings remains negative.

* S&P revised its outlook on Slovenia to positive from stable and affirmed the country's long- and short-term foreign- and local-currency sovereign credit ratings at A/A-1.

* DBRS assigned long- and short-term foreign- and local-currency issuer ratings of AAA/R-1 (high) to Luxembourg on Dec. 16, with a stable trend on all ratings.

* S&P revised its outlook on Croatia to stable from negative, while affirming the country's BB/B long- and short-term foreign- and local-currency sovereign credit ratings.

* S&P lowered to D from CCC-/C the long- and short-term counterparty credit ratings of PJSC Tatfondbank. S&P also lowered the lender's Russia national scale rating to D from "ruCCC-."

Dec. 15

* Fitch affirmed Fundacion MAPFRE unit Mapfre Genel Sigorta AS's national insurer financial strength rating at AA(tur), with a stable outlook.

* Fitch affirmed Amundi SA's long-term issuer default rating at A+, with a stable outlook. Also affirmed were the Crédit Agricole Group unit's F1 short-term issuer default rating and support rating of 1.

* S&P placed on CreditWatch with positive implications the long-term issuer credit ratings of Deutsche Bank AG, Commerzbank AG, UniCredit Bank AG and Deutsche Pfandbriefbank AG and several of their foreign subsidiaries. The long- and short-term issuer credit ratings of Commerzbank and Deutsche Bank were affirmed at BBB+/A-2. Commerzbank's short-term rating was also placed on CreditWatch positive. S&P also affirmed Deutsche Pfandbriefbank's and UniCredit Bank's long- and short-term issuer credit ratings at BBB/A-2. S&P also placed on CreditWatch positive the long-term issuer credit rating of Commerzbank unit mBank SA and affirmed the rating at BBB and its short-term issuer credit rating at A-2.

* Moody's upgraded Sampo Oyj's long-term issuer rating to Baa1 from Baa2 and revised the outlook on the Finnish insurer to stable from positive. The rating agency also upgraded the insurance financial strength ratings of Sampo units If P&C Insurance Ltd. and If P&C Insurance Co. Ltd. to A1 from A2. The outlook on both units was revised to stable from positive.

* Moody's revised to stable from negative the outlook on Finland's banking system.

* S&P revised its outlook on Türkiye Ihracat Kredi Bankasi AS, or Türk Eximbank, to stable from negative. At the same time, the agency affirmed its BB/B foreign-currency and BB+/B local-currency long- and short-term sovereign credit ratings for the bank. The ratings were subsequently withdrawn at the issuer's request.

* Moody's upgraded Tryg Forsikring A/S' insurance financial strength rating to A1 from A2 and changed the outlook to stable from positive. Tryg Forsikring is the main operating company of Tryg A/S.

Dec. 14

* Moody's said that the outlooks on the property and casualty and the life Italian insurance sectors remain stable for 2017.

* Moody's maintained a stable outlook on Belgium's banking system.

* Fitch affirmed Deutsche Asset Management Germany, comprising DB Investment Services GmbH and Deutsche Asset Management Investment GmbH, at Highest Standards, with a stable outlook.

* Fitch affirmed Türkiye Is Bankasi AS unit Anadolu Anonim Türk Sigorta Sirketi's insurer financial strength rating at BBB-, with a negative outlook. Fitch also affirmed the national insurer financial strength rating at AA+(tur), with a stable outlook.

* Moody's affirmed Volvofinans Bank AB (publ)'s long-term local- and foreign-currency bank deposits ratings at A3, with a stable outlook. Also affirmed were the bank's Prime-2 short-term local- and foreign-currency bank deposits, A2(cr)/P-1(cr) counterparty risk assessment and "baa2" adjusted baseline credit assessment and baseline credit assessment.

* Moody's downgraded Tatfondbank's long-term foreign- and local-currency deposit and debt ratings to Caa1 from B3, its baseline and adjusted baseline credit assessments to "caa3" from "caa1" and its counterparty risk assessment to B3(cr) from B2(cr). It also placed the ratings on review for downgrade.

* Moody's upgraded the long-term foreign- and local-currency deposit ratings of Bank of Cyprus Public Co. Ltd. and Hellenic Bank Public Co. Ltd. to Caa2 and Caa1 from Caa3 and Caa2, respectively. The outlook on the ratings of both entities is positive.

Dec. 13

* Fitch affirmed Société Générale SA and unit Compagnie Générale de Location d'Equipements SA's long-term issuer default rating at A, with a stable outlook. Also affirmed were Société Générale's F1 short-term issuer default rating, "a" viability rating, and A/F1 long- and short-term debt ratings. The support rating and support rating floor were affirmed at 5 and No Floor, respectively. Compagnie Générale de Location d'Equipements' short-term issuer default rating and support rating were affirmed at F1 and 1, respectively.

* Fitch affirmed Barclays Plc and unit Barclays Bank Plc's A/F1 long- and short-term issuer default ratings and "a" viability rating. Both entities support rating and support rating floor were affirmed at 5 and No Floor, respectively. The outlooks on the long-term ratings are stable. At the same time, Fitch assigned Barclays Bank a derivative counterparty rating of A(dcr).

* Fitch affirmed HSBC Holdings Plc's AA-/F1+ long- and short-term issuer default ratings, "aa-" viability rating and AA-/F1+ senior unsecured long- and short-term debt ratings.

* S&P affirmed Kuntarahoitus Oyj's, or Municipality Finance plc's, AA+/A-1+ long- and short-term issuer credit ratings. The outlook is stable.

* Fitch affirmed the A long-term and F1 short-term issuer default ratings of Goldman Sachs Group Inc., Goldman Sachs International, Goldman Sachs International Bank, Goldman Sachs AG and Goldman Sachs Paris Inc. Et Cie SCS. The outlook on Goldman Sachs Group, Goldman Sachs AG and Goldman Sachs Paris is stable. The outlook on Goldman Sachs International and Goldman Sachs International Bank was revised to stable from positive.

* Moody's revised its outlook on the Italian banking system to negative from stable.

* Fitch withdrew the A/F1 long- and short-term issuer default ratings of the three French Groupe BPCE units, Banque Populaire Loire et Lyonnais, Banque Populaire du Massif Central and Banque Populaire Côte d'Azur.

* Fitch maintained Deutsche Bank's ratings, including its A-/F1 long- and short-term issuer default ratings, "a-" viability rating, A(dcr) derivative counterparty rating and A/F1 deposit ratings on Rating Watch Negative.

* DBRS lowered Banca Monte dei Paschi di Siena SpA's senior long-term debt and deposit rating to B (low) from B (high) and its short-term debt and deposit rating to R-5 from R-4. DBRS also changed its review of the ratings to developing from negative implications. The lender's long- and short-term critical obligations ratings remain at BBB (low)/R-2 (middle) and are still under review with negative implications. The bank's intrinsic assessment was lowered to B (low).

* Moody's upgraded two Credit Suisse Group AG units' long-term issuer ratings and their senior unsecured debt ratings to A1 from A2. The outlook on Credit Suisse AG's and Credit Suisse International's ratings is stable. Credit Suisse Group's senior program ratings were also upgraded to (P)Baa2 from (P)Baa3. Meanwhile, Fitch affirmed Credit Suisse's A/F1 long- and short-term issuer default ratings and Credit Suisse Group's A-/F2 long- and short-term issuer default ratings, while assigning both entities a derivative counterparty rating of A(dcr). Credit Suisse International's long- and short-term issuer default ratings were affirmed at A- and F1, respectively.

* Moody's changed the long-term deposit ratings' outlook on Raiffeisenbank (Bulgaria) EAD to positive from stable. At the same time, the agency affirmed the bank's Not-Prime short-term deposit ratings and the Ba3 long-term local- and foreign-currency deposit ratings. In addition, the rating agency upgraded the bank's baseline credit assessment to "ba3" from "b1" and affirmed its adjusted BCA at "ba3" and its counterparty risk assessments at Baa3(cr)/Prime-3(cr).

* Fitch affirmed BNP Paribas SA's A+/F1 long- and short-term issuer default ratings, while assigning it a derivative counterparty rating of A+(dcr).

* Fitch affirmed UBS Group AG's A/F1 long- and short-term issuer default ratings. At the same time, Fitch assigned UBS Group AG a derivative counterparty rating of A+ (dcr). Fitch also affirmed ratings of UBS Switzerland AG and UBS Ltd.

S&P Global Ratings and S&P Global Market Intelligence are owned by S&P Global Inc.