KIEV, May 12 -- Moody's Investors Service has downgraded the global foreign currency deposit ratings of 19 Ukrainian banks to B3 from B2 and the foreign currency debt ratings of five Ukrainian banks to B1 from Ba3.

Moody's also downgraded the local currency debt ratings of two Ukrainian banks. The outlook is negative on the long-term GFC deposit ratings and the long-term foreign currency debt ratings affected by this rating action.