Fitch Ratings placed the “B-” rating of long-term Greek bank creditworthiness in a “Watch Negative” status, late on Tuesday.

In an announcement by the ratings agency, it mentions that this move reflects the possibility of a downgrade due to the high dangers of funding and liquidity in view of the tough negotiations between the Greek government and lenders.

According to Fitch, this will be translated to continuous outflows of bank deposits which may lead to an implementation of capital checks, especially if access to the ELA is reduced by the ECB.