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Business    

NBU Seizes Prominvestbank to avert default
Journal Staff Report

KIEV, Oct. 9 - Ukrainian lender Prominvestbank had its credit ratings cut three steps by Moody's Investors Service after the country's central bank seized control, Bloomberg reported Thursday.

The National Bank of Ukraine appointed its deputy governor, Volodymyr Krotyuk, as the temporary head of Prominvestbank yesterday and imposed a moratorium on payments to creditors for six months.




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