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European ratings roundup through July 31

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.

July 31

* Fitch Ratings affirmed and revised the outlooks to positive from stable on the B- long-term issuer default ratings of OAO Belarusbank, Belarusian Bank for Development & Reconstruction Belinvestbank JSC, JSC Development Bank of the Republic of Belarus, PAO Sberbank of Russia unit OJSC BPS-Sberbank, Vnesheconombank unit OJSC Belvnesheconombank and OJSC Belgazprombank.

* S&P Global Ratings affirmed BNP Paribas SA's long- and short-term issuer credit ratings at A/A-1 and removed the Under Criteria Observation designation from the ratings.

* S&P affirmed and removed Nova Ljubljanska banka dd's BB long-term counterparty credit rating from under criteria observation. S&P also affirmed the bank's B short-term counterparty credit rating.

* Moody's upgraded FHB Jelzálogbank Nyrt.'s long-term foreign- and local-currency deposit ratings to B1 from B2, with a stable outlook. The rating agency also upgraded the bank's baseline credit assessment to "b3" from "caa1," adjusted baseline credit assessment to "b2" from "b3" and long-term counterparty risk assessment to Ba2(cr) from Ba3(cr).

July 29

* Moody's affirmed the A1/P-1 long- and short-term bank deposit and A2 senior unsecured debt ratings of BNP Paribas SA units BNP Paribas Fortis SA and BGL BNP Paribas SA. The agency also affirmed BGL BNP Paribas' long-term issuer rating at A2, baseline and adjusted baseline credit assessments at "a3" and long- and short-term counterparty risk assessments Aa2(cr)/P-1(cr), while BNP Paribas Fortis' baseline and adjusted baseline credit assessments were affirmed at "baa1" and its counterparty risk assessments were affirmed at Aa3(cr)/P-1(cr).

July 28

* S&P affirmed Vnesheconombank's long- and short-term foreign-currency issuer credit ratings at BB+/B and local-currency ratings at BBB-/A-3 and revised the outlook on the bank to positive from developing. The agency also affirmed the bank's foreign- and local-currency senior unsecured ratings at BB+ and BBB-, respectively.

* Fitch Ratings revised the outlook on Belarus' long-term foreign- and local-currency issuer default ratings to positive from stable and affirmed the ratings at B-.

* Moody's assigned an A1 insurance financial strength rating to QBE Insurance Group Ltd. unit QBE Insurance (Europe) Ltd., with a stable outlook.

* DBRS extended its review with negative implications on Novo Banco SA's long- and short-term issuer, debt and deposit ratings of CCC (high)/R-5. The agency confirmed the lender's BB (low)/R-4 long- and short-term critical obligations ratings, with a stable trend.

* Moody's upgraded Landesbank Berlin AG's long-term deposit ratings to Aa2 from Aa3, long-term counterparty risk assessment to Aa2(cr) from Aa3(cr), baseline credit assessment to "baa2" from "ba1" and adjusted baseline credit assessment to "a3" from "baa1," and affirmed the bank's short-term deposit ratings at P-1, short-term counterparty risk assessment at P-1(cr) and long-term issuer rating at A1. Moody's upgraded Berlin Hyp AG's long-term deposit ratings to Aa2 from A1, long-term counterparty risk assessment to Aa2(cr) from A1(cr), baseline credit assessment to "ba1" from "ba2" and adjusted baseline credit assessment to "a3" from "baa2," while affirming the short-term deposit rating and counterparty risk assessment at P-1 and P-1(cr), respectively. The rating agency revised the outlook on the long-term deposit ratings to stable from positive.

* Moody's changed the outlooks to stable and affirmed the Ba1 long-term local- and foreign-currency bank deposit ratings of JSC Halyk Savings Bank of Kazakhstan, the Baa3 long-term local-currency bank deposit rating of JSC Housing Construction Savings Bank of Kazakhstan (Zhilstroysberbank), the Ba2 long-term local- and foreign-currency bank deposit ratings of JSC Kazkommertsbank and the Baa3 long-term local- and foreign-currency issuer ratings of JSC Development Bank of Kazakhstan.

* Moody's upgraded PJSC Sovcombank's baseline and adjusted baseline credit assessments to "ba3" from "b1," long-term local- and foreign-currency deposit ratings to Ba3 from B1 and long-term counterparty risk assessment to Ba2(cr) from Ba3(cr). The Not Prime short-term local- and foreign-currency deposit ratings and short-term counterparty risk assessment of Not Prime (cr) were affirmed.

* S&P affirmed Azerbaijan's BB+/B long- and short-term foreign- and local-currency sovereign credit ratings. The outlook on the long-term ratings remain negative.

* Fitch affirmed the A-/F2 long- and short-term issuer default ratings and deposit ratings of Santander Consumer Bank AG. The rating agency also affirmed the Banco Santander SA unit's "a-" viability rating, 1 support rating and A-(dcr) derivative counterparty rating.

* Fitch affirmed the long- and short-term issuer default ratings of France and Austria at AA/F1+ and AA+/F1+, respectively. The agency affirmed various other ratings of the two countries.

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

* S&P affirmed DLR Kredit A/S' A-/A-2 long- and short-term counterparty credit ratings.

July 27

* Moody's upgraded Erste Group Bank AG unit Erste Bank Hungary Zrt.'s long- and short-term local- and foreign-currency deposit ratings to Baa3/Prime-3 from Ba2/Not Prime and revised the outlook on the long-term foreign-currency rating to stable from positive. The agency also upgraded the bank's long- and short-term counterparty risk assessments to Baa2(cr)/Prime-2(cr) from Ba1(cr)/Not Prime(cr), its baseline credit assessment to "b1" from "b3" and adjusted baseline credit assessment to "ba2" from "b1."

* Moody's withdrew the A3 senior unsecured rating of Crédit Agricole Group unit Crédit Agricole Cariparma SpA.

* Moody's downgraded the baseline and adjusted baseline credit assessments of Kazakhstan-based Bank CenterCredit JSC to "caa1" from "b3" and affirmed the lender's long- and short-term local- and foreign-currency deposit ratings at B2/Not-Prime, long- and short-term counterparty risk assessments at B1(cr)/Not-Prime(cr) and national scale rating at Ba2.kz.

* S&P assigned Oma Säästöpankki Oyj long- and short-term counterparty credit ratings of BBB+/A-2, with a stable outlook.

* S&P affirmed the B-/B long- and short-term foreign- and local-currency issuer credit ratings of JSC Development Bank of the Republic of Belarus.

* Fitch affirmed MAPFRE SA unit MAPFRE Sigorta AS' AA(tur) national insurer financial strength rating, with a stable outlook.

* Fitch affirmed Banco Bilbao Vizcaya Argentaria SA's A-/F2 long- and short-term issuer default ratings, with a stable outlook on the long-term rating. The rating agency affirmed various other ratings of the Spanish lender, including the A- long-term senior unsecured debt rating and "a-" viability rating.

* Fitch affirmed EFG International AG's and EFG Bank AG's long- and short-term issuer default ratings at A/F1, viability ratings at "a," support ratings at 5 and support rating floors at No Floor.

July 26

* S&P upgraded the long-term counterparty credit ratings of ING Bank NV and ING België NV to A+ from A, while affirming their short-term counterparty credit ratings at A-1. The agency also affirmed ING Groep NV's long- and short-term counterparty credit ratings at A-/A-2.

* Moody's affirmed the long-term senior unsecured debt and deposit ratings of Groupe BPCE and units Natixis, Crédit Foncier de France SA and Banque Palatine SA at A2 and revised the outlooks to positive from stable. The rating agency upgraded Natixis' baseline credit assessment to "ba1" from "ba2," downgraded Banque Palatine's baseline credit assessment to "ba1" from "baa3" and affirmed various other ratings of the four entities.

* Fitch affirmed MAPFRE's long-term issuer default ratings at A- and changed the outlook to positive from stable. It also affirmed the A- insurer financial strength ratings of units MAPFRE España Compañia De Seguros Y Reaseguros SA and MAPFRE Vida SA De Seguros Y Reaseguros Sobre La Vida Humana, among other units, and changed the outlook to positive from stable. Additionally, Fitch affirmed Instituto de Crédito Oficial's long-term issuer default rating at BBB+ and revised the outlook to positive from stable.

* Moody's upgraded Erste Group Bank's long-term senior unsecured debt and deposit ratings to A3 from Baa1 and changed the outlook to positive from stable. The rating agency also upgraded the bank's baseline and adjusted baseline credit assessments to "baa2" from "baa3" and long- and short-term counterparty risk assessments to A2(cr)/P-1(cr) from A3(cr)/P-2(cr). Moody's affirmed the lender's short-term deposit ratings at P-2.

* S&P revised the outlook on Pozavarovalnica Sava dd's long-term local-currency counterparty credit and financial strength ratings to positive from stable, while affirming the ratings at A-.

* Moody's revised Kazakhstan's outlook to stable from negative.

* Moody's extended its review for downgrade of Novo Banco's Caa1 long-term deposit rating, Caa2 senior unsecured debt rating and "ca" baseline credit assessment.

* DBRS confirmed ABANCA Corporación Bancaria SA's long- and short-term issuer and deposit ratings at BBB (low)/R-2 (middle). The rating agency also confirmed the bank's BBB (low) long-term senior debt rating and R-2 (middle) short-term debt rating. The bank's intrinsic assessment and support assessment remained at BBB (low) and SA3, respectively.

* S&P affirmed Magyar Export-Import Bank Zrt.'s BBB-/A-3 long- and short-term issuer credit ratings, with a stable outlook.

July 25

* Moody's upgraded London Stock Exchange Group Plc's long-term issuer rating and senior unsecured debt rating to A3 from Baa1 and changed the outlook to stable from positive.

* S&P revised to positive from stable the outlook on Storebrand ASA and units Storebrand Bank ASA and Storebrand Livsforsikring AS. The agency affirmed Storebrand's counterparty credit rating at BBB- and Storebrand Bank's long- and short-term counterparty credit ratings at BBB+/A-2. It also affirmed Storebrand Livsforsikring's long-term counterparty credit and local-currency financial strength ratings at BBB+.

* Moody's upgraded OJSC International Bank of Azerbaijan long-term local- and foreign-currency bank deposit ratings to Caa1 from Caa2 and foreign-currency senior unsecured debt rating to Caa2 from Caa3. Moody's also upgraded the bank's baseline and adjusted baseline credit assessments to "caa3" from "ca" and long-term counterparty risk assessment to B3(cr) from Caa1(cr). The agency also downgraded Bank IBA-MOSCOW LLC's long-term bank deposit ratings to B3 from B2, adjusted baseline credit assessment to "b3" from "b2" and long-term counterparty risk assessment to B2(cr) from B1(cr).

* Fitch upgraded the viability ratings of JSC The State Export-Import Bank of Ukraine and PJSC State Savings Bank of Ukraine to "b-" from "ccc" and affirmed various other ratings of the two banks, including their long- and short-term foreign- and local-currency issuer default ratings at B-/B.

* Moody's affirmed Paysafe Group Plc's Ba2 corporate family rating, with a stable outlook.

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