Moody's downgrades Ukrgazbank to 'B3'

Moody’s Investors Service announced yesterday that it downgraded the ratings of Ukrgazbank in foreign and national currency from ‘B2’ to ‘B3’, and on the national scale from ‘A3.ua’ to ‘Baa3.ua.’ According to Moody’s, the move reflects worsened liquidity at the bank due to deposit outflows.