Fitch Ratings has downgraded Kazakhstan-based BTA Bank (BTA) and its subsidiary CJSC BTA Bank (Belarus)'s (BTAB) Long-term Issuer Default Ratings (IDR) to 'CCC' from 'B-'. A full list of rating actions is at the end of this commentary.

Source: Reuters

http://www.reuters.com/article/2011/11/14/idUSWLA907420111114