KIEV, Jan. 20 - Fitch Ratings has downgraded Nadra Bank's Long-term Issuer Default Rating (IDR) to 'CC' from 'CCC' while maintaining a Negative Outlook.

At the same time, the agency withdrew all of the bank's ratings due to insufficient information.

According to Fitch, the downgrade reflects a further recent deterioration in the bank's liquidity position and increased concerns about asset quality and capital.