KIEV, Oct. 27 – Japan’s Rating and Investment Information, Inc. (R&I) has placed Ukraine on its Rating Monitor with a view to downgrading, according to Ukraine's Finance Ministry.

"Rationale: Ukraine's central bank placed Prominvestbank, Ukraine's sixth largest bank in terms of assets, under central bank control... While the financial market turmoil has surfaced, political uncertainty is heightening as President Viktor Yushchenko and Prime Minister Yulia Tymoshenko has been locked in a dispute. The coalition government collapsed," reads the report.