LONDON, Oct. 21 - International rating agency Moody's Investors Service has downgraded the global local currency (GLC) deposit ratings and the National Scale Ratings (NSRs) of 12 Ukrainian banks.

Moody's said in a press release that it had "also changed the outlook to stable from positive on the B2 long-term global foreign currency (GFC) deposit ratings of 21 Ukrainian banks."

The press release said: "Today's rating action has been triggered by (i) the downgrade of Ukraine's local currency bank deposit ceiling to Ba1/Not Prime from Baa1/Prime-2, and by (ii) the change of the outlook on Ukraine's B2 foreign currency bank deposit ceiling to stable from positive."