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RATINGS: Recap of rating actions made on Friday:
* S&P affirms UK at AA, outlook remains negative
* S&P affirms Germany at AAA, outlook stable
* S&P upgrades Italy to BBB on firming economic recovery, outlook stable
* S&P affirms ESM at AA and outlook stable.
* Fitch affirms Netherlands at AAA, outlook stable
* Fitch affirms UK at AA and outlook negative
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