Moody's cuts Rodovid Bank two levels to 'Caa2'

Moody’s Investors Service dropped Rodovid Bank’s long-term credit rating two levels from ‘B3’ to ‘Caa2’ due to the bank being taking into receivership by the National Bank of Ukraine. The bank’s financial stability rating was dropped from ‘E+’ to ‘E’, and rating according to the national scale from ‘Baa3.ua’ to ‘B3.ua’. The ratings remained on review for possible downgrade.