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EMEA ratings roundup, March 14

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 affirmed Crédit Agricole Group unit Europejski Fundusz Leasingowy SA's long- and short-term issuer default ratings at A/F1, with a stable outlook on the long-term rating. The rating agency affirmed the Polish leasing company's national long- and short-term ratings at AAA(pol)/F1+(pol), with a stable outlook on the long-term rating. The company's support rating was affirmed at 1.

* Fitch placed Russia-based JSCB Evrofinance-Mosnarbank Bank JSC's B+ long-term foreign- and local-currency issuer default ratings on Rating Watch Negative, following the sanctions imposed on the Russian lender by the U.S. Treasury's Office of Foreign Assets Control. The bank's B short-term foreign-currency issuer default rating and "b+" viability rating were also placed on Rating Watch Negative.

MIDDLE EAST

* Fitch downgraded Commercial Bank PSQC's viability rating to "bb+" from "bbb-" and affirmed the Qatari lender's long-term issuer default rating at A, with a stable outlook. The bank's F1 short-term issuer default rating, 1 support rating and A support rating floor were affirmed.

* Fitch, meanwhile, upgraded Qatar Islamic Bank QPSC's viability rating to "bbb" from "bbb-" and affirmed its long-term issuer default rating at A, with a stable outlook, as well as its short-term issuer default rating at F1, its support rating at 1 and its support rating floor at A.

* Fitch affirmed Qatar-based Ahli Bank QSC's long- and short-term issuer default ratings at A/F1, with a stable outlook on the long-term rating. The rating agency also affirmed the bank's "bbb-" viability rating, its A support rating floor and the support rating of 1.

* Fitch affirmed the long- and short-term issuer default ratings of Barwa Bank QSC and International Bank of Qatar QSC at A/F1, with a stable outlook on the long-term ratings. The Qatar-based banks' "bb+" viability ratings, A support rating floors and 1 support ratings were also affirmed.

* Fitch affirmed Qatar International Islamic Bank QPSC's long- and short-term issuer default ratings at A/F1, with a stable outlook on the long-term rating. The rating agency affirmed the bank's viability rating at "bb+," its support rating at 1 and the support rating floor at A.

* Fitch also affirmed Al Khalij Commercial Bank PQSC's long- and short-term issuer default ratings at A/F1, with a stable outlook on the long-term rating. The rating agency affirmed the bank's viability rating at "bb," its support rating floor at A and the support rating at 1.

* Moody's upgraded Uzbekistan-based Ipoteka Bank's baseline and adjusted baseline credit assessments to "b2" from "b3." The rating agency also upgraded the bank's long-term local-currency deposit rating to B1 from B2. Also affirmed were the bank's B2 long-term foreign-currency deposit rating, Not Prime short-term local- and foreign-currency deposit ratings, B1/Not Prime long- and short-term local- and foreign-currency counterparty risk ratings and B1(cr)/Not Prime(cr) long- and short-term counterparty risk assessments. The outlook on the long-term deposit ratings is stable.

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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.