The credit rating agency dropped Swiss lender UBS one notch to A from A+ and Germany's Landesbank one notch to A+ from AA-. The moves follow similar actions taken against Italian lenders Fitch also put Barclays on notice for a possible downgrade, but the British arms of HSBC PLC and Spain's Banco Santander SA were unaffected. France's BNP Paribas and Societe Generale were also put on negative ratings watches, along with Credit Suisse, Deutsche Bank and Rabobank. U.S.-based Morgan Stanley and Goldman Sachs rounded out the banks put on negative ratings watch. Fitch said it expects to make a decision on possible ratings downgrades "within a short time frame and take corresponding rating actions where warranted."