Fitch places the A- viability rating of Austria's Erste Banke (EBKDY.PK) on negative watch...

|About: Erste Group Bank AG ADR (EBKDY)|By:, SA News Editor

Fitch places the A- viability rating of Austria's Erste Banke (EBKDY.PK) on negative watch following the lender's decision yesterday to come clean about its sovereign debt exposure (mostly to Hungary) and take large writedowns. Shares are off another 2% in Europe after an 8% drop yesterday.