Fitch getting ready to downgrade a number of big European banks - Handelsblatt newspaper

FXStreet (Bali) - According to the German Handelsblatt newspaper, Fitch would be finalizing a review to soon downgrade a number of European banks including big Germans like Deutsche and Commerzbank.

Handelsblatt reports that "Fitch rating agency is serious about a mass downgrade of European banks. As the Handelsblatt (Monday edition) learned from financial circles, the downgrades are imminent - at the beginning of the week. Devaluation by one to a maximum of four levels are expected."