KIEV, Nov. 12 - Fitch Ratings has downgraded the Long-term Issuer Default ratings (IDRs) of nine Ukrainian banks, including their foreign currency Long-term IDRs to 'B-' from 'B.’

The Outlooks on the Long-term IDRs are Negative.

Fitch said that the banks' downgrade follows the recent downgrade of Ukraine's Long-term foreign and local currency IDRs to 'B-' from 'B' and the assignment of a Negative Outlook .