MOSCOW, Nov. 10 - Moody's Investors Service announced it is continuing its rating review of Bank Nadra.

On Feb. 12, Moody's downgraded the bank's deposit ratings to Caa2 and National Scale Rating (NSR) to B3.ua and placed them on review for possible further downgrade. Nadra's bank financial strength rating (BFSR) was downgraded to E with a stable outlook. These actions were prompted by Nadra being placed into temporary administration by the National Bank of Ukraine (NBU) following a run on deposits at the bank that could not be contained by liquidity support provided by the NBU to the bank at the time.