Moody’s Investors Service announced yesterday it downgraded Prominvestbank’s financial strength rating (BFSR) from E+ to E, its long-term local currency and foreign currency bank deposit ratings to Caa2 from Ba2 and B2, respectively, and its National Scale Rating (NSR) from Aa1.ua to B3.ua. Long-term deposit ratings have been placed on review. Moody’s said that the rating action is in response to the announcement that the National Bank of Ukraine has taken control of Prominvestbank (see our news and comment yesterday).