trending Market Intelligence /marketintelligence/en/news-insights/trending/yW4Kb87u0zqVOLI1Or4Pxw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

EMEA ratings roundup, Dec. 9

Digital Banking Battles Will Play Out In Southeast Asias Shopping Cart

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor


EMEA ratings roundup, Dec. 9

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

* Moody's affirmed France-based BNP Paribas SA's Aa3/Prime-1 long- and short-term bank deposits and issuer ratings, with a stable outlook on the long-term ratings. The rating agency also affirmed the lender's Aa3/Prime-1 long- and short-term counterparty risk ratings, Aa3(cr)/Prime-1(cr) long- and short-term counterparty risk assessments and "baa1" baseline and adjusted baseline credit assessments. The agency also affirmed BNP Paribas Securities Services' Aa3 backed long-term bank deposits, with a stable outlook, and Prime-1 backed short-term bank deposits.

The Aa3/Prime-1 long- and short-term counterparty risk ratings and Aa3(cr)/Prime-1(cr) long- and short-term counterparty risk assessments of the French banking group's New York branch, Dublin branch and Australian branch were also affirmed.

* Fitch Ratings downgraded Italy-based Azimut Holding SpA's long-term issuer default rating and senior unsecured rating to BBB- from BBB and removed them from rating watch negative. The outlook on the long-term issuer default rating is stable. The agency also affirmed the asset manager's F3 short-term issuer default rating.

* Fitch downgraded Georgia-based JSC Cartu Bank's long-term issuer default rating to B- from B and its viability rating to "ccc+" from "b", with a stable outlook on the long-term issuer default rating. The agency also affirmed the bank's B short-term issuer default rating, 5 support rating and No Floor support floor rating.

* ACRA withdrew Russia-based Expobank LLC's BBB+(RU) credit rating without a concurrent affirmation, saying it does not possess enough information to update it. The outlook on the rating was positive at the time of withdrawal.

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.