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EMEA ratings roundup, May 30

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EMEA ratings roundup, May 30

S&P Global Market Intelligence presents a daily summary of ratings actions on European, Middle Eastern and African financial institutions and economies.

EUROPE

* DBRS confirmed Banca Popolare dell'Alto Adige SpA's BBB(low)/R-2(middle) long- and short-term issuer ratings. The agency also confirmed the bank's BBB/R-2(high) long- and short-term bank deposit ratings, BBB(low) long-term senior debt rating and R-2(middle) short-term debt rating. The trends on all the ratings remained stable. Additionally, the bank's intrinsic assessment remains at BBB(low) and support assessment at SA3.

* DBRS confirmed Italy-based Intesa Sanpaolo SpA's BBB(high)/R-1(low) long- and short-term issuer and bank deposit ratings. The agency also confirmed the bank's BBB(high) long-term senior debt rating and R-1(low) short-term debt rating. The trends on all the ratings remained stable. Additionally, the agency maintained the bank's BBB(high) intrinsic assessment and SA3 support assessment.

MIDDLE EAST

* Capital Intelligence Ratings affirmed the long- and short-term national scale ratings of Oman-based Alizz Islamic Bank SAOG at omA+/omA1. The outlook on the 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.