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

EUROPE

* Fitch Ratings upgraded Russia's long- and short-term foreign- and local-currency issuer default ratings to BBB/F2 from BBB-/F3, with a stable outlook. The agency also upgraded Russia's country ceiling and its long-term senior unsecured debt rating to BBB from BBB-.

* Fitch affirmed Italy's long- and short-term foreign- and local-currency issuer default ratings at BBB/F2, with a negative outlook. The agency also affirmed Italy's country ceiling at AA and its long- and short-term senior unsecured debt ratings at BBB/F2.

* DBRS confirmed Malta's long- and short-term foreign- and local-currency issuer ratings at A (high)/R-1 (middle), with a stable trend on all ratings.

* ACRA affirmed the AAA(RU) credit rating of Credit Agricole Corporate and Investment Bank JSC, with a stable outlook. The affirmation stems from the likelihood of strong support from parent Crédit Agricole Group, according to the agency.

* ACRA upgraded the credit rating of PJSC Sovcombank to A+(RU) from A(RU), with a stable outlook.

* ACRA affirmed the AAA(RU) credit rating of ING Groep NV unit ING Bank (Eurasia) JSC, with a stable outlook.

MIDDLE EAST

* Moody's affirmed the Baa1 issuer and senior unsecured debt ratings of African Export-Import Bank, with the outlook remaining stable.

AFRICA

* S&P Global Ratings upgraded the long-term sovereign credit rating of Rwanda to B+ from B and affirmed the short-term sovereign credit rating at B. The outlook on the sovereign credit rating was changed to stable from positive.

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