KIEV, Nov. 6 -- Moody's Investors Service has put the B1 corporate family rating for the Industrial Union of Donbass, also known as ISD, on review for possible downgrade, Moody’s said in a statement.

According to Moody’s, the rating action was prompted by recent collapse in demand for steel products and consequential significant reduction in prices for steel products from the CIS steel producers as well as the low visibility for prospects of short term recovery and the current limitations for Ukrainian companies to receive funding from their banks. These developments are expected to have a negative effect on the company's profitability and cash flow generation.