Fitch Ratings has downgraded based Komercni Banka's Long-term Issuer Default Rating (IDR) to A from A+ and downgraded its Individual Rating to C from B/C. The Outlook on the Long-term IDR is Stable. At the same time the agency has affirmed KB's Short-term IDR at F1 and Support Rating at 1. This rating action follows the downgrade of KB’s parent company - SocGen. Our view: We expect the news to have somewhat negative impact on the stock trading today.