S&PGlobal Market Intelligence presents a weekly overview of various ratingsactions on Middle Eastern and African financial institutions and economies.Ratings actions are listed by announcement date in reverse chronological order.
* Moody's withdrew all the ratings assigned to , formerlyknown as African Bank Ltd., following the completion of the bank's restructuring.
* Capital Intelligence affirmed 's A- financial strength rating. The outlook remainspositive.
* Standard & Poor's Ratings Services its long- and short-termforeign-currency sovereign credit ratings on Mozambique to SD/D from CC/C. The rating agency revised itsoutlook on the long-term local-currency sovereign credit rating on the countryto stable from negative and affirmed the B-/B long- and short-termlocal-currency sovereign credit ratings.
* S&P took various actions on several SaudiArabian lenders, including lowering to BBB+ from A- its long-term counterpartycredit ratings on Samba FinancialGroup, Saudi BritishBank, NationalCommercial Bank, Riyad Bank and Al Rajhi Banking & Investment Corp. The agencyaffirmed the A-2 short-term counterparty credit ratings on the five banks as wellas on Saudi InvestmentBank, Arab NationalBank and Banque SaudiFransi. The rating agency assessed the stand-alone credit profileof the eight lenders at "bbb," while affirming the long-termcounterparty credit ratings on Arab National Bank and Banque Saudi Fransi atBBB+ and on Saudi Investment Bank at BBB.
* Fitch Ratings affirmedQatar's long-term foreign- and local-currency issuer default ratings at AA,with a stable outlook. The country ceiling and the short-term foreign-currencyissuer default rating were affirmed at AA+ and F1+, respectively.
* Capital Intelligence affirmed the A-financial strength rating of Qatar-based Commercial Bank (QSC). The outlook was revised tonegative.
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