Fitch Downgrades 3 Andorran Banks

(The following statement was released by the rating agency) BARCELONA/LONDON, July 02 (Fitch) Fitch Ratings has downgraded Andorra Banc Agricol Reig’s (Andbank) and Credit Andorra’s Long-term Issuer Default Ratings (IDRs) to ‘BBB’ from ‘A-‘and Mora Banc Grup, SA’s (MoraBanc) to ‘BBB-‘ from ‘A-‘.