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European ratings roundup through Aug. 13

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European ratings roundup through Aug. 13

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.

Aug. 13

* Fitch Ratings upgraded the viability rating of Erste Group Bank AG unit Erste Bank Hungary Zrt. to "bb+" from "bb" and that of Intesa Sanpaolo SpA unit CIB Bank Zrt. to "bb-" from "b+." The rating agency affirmed Erste Bank Hungary's and KBC Group NV unit Kereskedelmi és Hitelbank Zrt.'s long- and short-term issuer default ratings at BBB/F2, with a positive outlook on the long-term rating. The ratings were affirmed at BBB-/F3 for CIB Bank, with a stable outlook on the long-term rating. The viability rating of the KBC Group unit was affirmed at "bb+" and the three banks' 2 support ratings.

* Fitch assigned certain ratings to Turkish lenders TEB Tüketici Finansman AS and Finans Faktoring AS, including BB/B long- and short-term foreign-currency issuer default ratings, BB+/B long- and short-term local-currency issuer default ratings, AAA(tur) national long-term ratings and 3 support ratings. The outlook on the long-term issuer default ratings is negative, while the outlook on the national long-term ratings is stable.

* Moody's assigned SpareBank 1 BV A2/Prime-1 long- and short-term foreign- and local-currency deposit ratings, with a stable outlook on the long-term rating. The agency also assigned the Norwegian lender a "baa1" baseline and adjusted baseline credit assessments, A1(cr)/Prime-1(cr) long- and short-term counterparty risk assessments and A1/Prime-1 long- and short-term foreign- and local-currency counterparty risk ratings.

Aug. 10

* Fitch upgraded Greece's long-term foreign- and local-currency issuer default ratings to BB- from B with a stable outlook, as the country prepares to leave its bailout program under the European Stability Mechanism.

* Fitch upgraded Andorra's long-term foreign-currency issuer default rating to BBB+ from BBB, while maintaining its stable outlook.

* Fitch revised Lithuania's rating outlook to positive from stable and affirmed its long-term foreign-currency issuer default rating at A-.

* DBRS confirmed Ireland's long- and short-term local- and foreign-currency issuer ratings at A (high)/R-1 (middle). The trend on the ratings is stable.

* DBRS confirmed the Netherlands' long- and short-term foreign- and local-currency issuer rating at AAA/R-1 (high). The trend on all the ratings is stable.

* Fitch affirmed Slovenia's long- and short-term foreign- and local-currency issuer default ratings at A-/F1. The outlook on the long-term ratings was stable. The rating agency also affirmed Slovenia's country ceiling at AAA.

* ACRA affirmed Crédit Agricole Group unit Credit Agricole Corporate and Investment Bank JSC's rating at ???(RU) with a stable outlook.

* ACRA affirmed ING Groep NV unit ING BANK (Eurasia) JSC's credit rating at AAA(RU) with a stable outlook.

* ACRA affirmed Groupe BPCE unit JSC Natixis Bank's credit rating ???(RU) with a stable outlook.

Aug. 9

* Moody's affirmed Skipton Building Society's Baa1 senior unsecured debt and long-term deposit ratings and revised the outlook on the ratings to positive from stable. The rating agency also affirmed the company's Prime-2 short-term deposit rating, "baa1" baseline and adjusted baseline credit assessments, A1 (cr)/P-1 (cr) long- and short-term counterparty risk assessments and A2/P-1 counterparty risk ratings.

* ACRA affirmed CB Locko-Bank JSC's credit rating at BBB+(RU), with a stable outlook.

Aug. 8

* S&P Global Ratings affirmed PJSC State Transport Leasing Co.'s long- and short-term issuer credit ratings at BB-/B, with a positive outlook.

Aug. 7

* Moody's downgraded Banca Carige SpA's long-term issuer rating to Caa3 from Caa2, its long-term bank deposit ratings to Caa1 from B3 and its baseline and adjusted baseline credit assessments to "caa2" from "caa1." The bank's long-term counterparty risk assessment was lowered to B2(cr) from B1(cr) while its long-term counterparty risk ratings were downgraded to B3 from B1. The ratings were placed under review for further downgrade.

* S&P affirmed Exportno-importná banka Slovenskej republiky's long- and short-term issuer credit ratings at A+/A-1, with a stable outlook.

* DBRS confirmed DNB Bank ASA's long-term issuer, senior debt and long-term deposit ratings at AA (low). The rating agency also affirmed the bank's short-term issuer, debt and deposit ratings at R-1 (middle). The trend on all ratings is stable.

* ACRA affirmed Bank Rossiya's credit rating at ?+(RU), with a stable outlook.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings, a separately managed division of S&P Global. Descriptions in this news article were not prepared by S&P Global Ratings.