KIEV, Oct. 1 - Moody's Investors Service has placed the Ba2 long-term local currency deposit rating of Prominvestbank on review for possible downgrade.

According to Moody's, this relates to the lowering of the bank's Baseline Credit Assessment from B1 to B2. At the same time, Moody's affirmed the B2 foreign currency bank deposit rating, which remains constrained by the country ceiling, the Aa1.ua National Scale Rating and E+ Bank Financial Strength Rating.

"The rating action reflects Moody's concerns that the run on deposits currently being experienced by the bank may have a significant negative impact on its franchise, already tight liquidity position and its funding profile," the press release quotes Yaroslav Sovgyra, VP-Senior Credit Officer at Moody's Moscow office as saying.