NEW YORK, Feb. 24 - Moody's Investors Service has put the Republic of Ukraine's foreign and local currency government bond ratings (B1) and the foreign currency country ceilings for bonds (Ba3) and bank deposits (B2) under review for possible downgrade.

"The rating action reflects concerns about how persistent political uncertainty clouds the prospects for an orderly resolution of banking problems, in the context of a severe economic downturn," said Jonathan Schiffer, Senior Credit Officer in Moody's Sovereign Risk Group.