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���������ֳ�-London-10 November 2008: ���������ֳ� has downgraded five Romanian banks and affirmed one other, following today's sovereign rating action taken on Romania (see the announcement on 10 November 2008, "���������ֳ� Downgrades Bulgaria, Hungary, Kazakhstan and Romania" at ).

Romania's Long-term (LT) foreign currency (FC) Issuer Default Rating (IDR) was downgraded to 'BB+' from 'BBB', LT local currency (LC) IDR to 'BBB-' (BBB minus) from 'BBB+', and to Short-term (ST) FC IDR 'B' from 'F3'. Its Country Ceiling is downgraded to 'BBB' from 'A-' (A minus). The Outlook remains Negative.

The LT IDRs and Support ratings of the five downgraded Romanian banks are driven by institutional support from their respective foreign parents and are constrained by Romania's 'BBB' Country Ceiling. The Country Ceiling limits the extent to which potential support from the banks' foreign parents can be factored into their IDRs and Support ratings.

Banca Comerciala Romana S.A.:
LT FC IDR: downgraded to 'BBB' from 'A-' (A minus); Outlook remains Negative
LT LC IDR: downgraded to 'BBB' from 'A-' (A minus); Outlook remains Negative
ST FC IDR: downgraded to 'F3' from 'F2'
Individual rating: affirmed at 'C/D'
Support rating: downgraded to '2' from '1'

BRD - Groupe Societe Generale S.A.:
LT FC IDR: downgraded to 'BBB' from 'A-' (A minus); Outlook remains Negative
ST FC IDR: downgraded to 'F3' from 'F2'
Support rating: downgraded to '2' from '1'

Bancpost S.A. :
LT FC IDR: downgraded to 'BBB' from 'A-' (A minus); Outlook remains Negative
ST FC IDR: downgraded to 'F3' from 'F2'
Individual rating: affirmed at 'D'
Support rating: downgraded to '2' from '1'

Uni Credit Tiriac Bank S.A.:
LT FC IDR: downgraded to 'BBB' from 'A-' (A minus); Outlook remains Negative
ST FC IDR: downgraded to 'F3' from 'F2'
Support rating: downgraded to '2' from '1'
Individual rating: affirmed at 'D'

Banca Romaneasca S.A.:
LT FC IDR: downgraded to 'BBB' from 'BBB+'; Outlook changed to Negative from Stable
ST FC IDR: downgraded to 'F3' from 'F2'
Support rating: affirmed at '2'
Individual rating: affirmed at 'D'

The rating action on domestically owned private Romanian bank, Banca Transilvania S.A., whose LT IDR is driven by its intrinsic strength and hence not constrained by Romania's 'BBB' Country Ceiling, is affirmed. The Outlook is changed to Stable from Positive since an improvement in operating environment is no longer expected as reflected in the Negative Outlook on the sovereign's LT IDRs.

Banca Transilvania S.A.:
LT FC IDR: affirmed as 'BB-' (BB minus); Outlook changed to Stable from Positive
ST FC IDR: affirmed at 'B'
Support rating: affirmed at '3'
Support Rating Floor: affirmed at 'BB-' (BB minus)
Individual rating: affirmed at 'D'

Contact: Gulcin Orgun, Istanbul, Tel: +90 (0)212 279 1065; Levent Topcu, +90 (0)212 279 1065.

Media Relations: Hannah Warrington, London, Tel: +44 (0) 207 417 6298, Email: hannah.warrington@fitchratings.com.