Standard & Poor's Ratings Services has lowered its long-term foreign currency sovereign credit rating on Ukraine to 'CC' from 'CCC-', the agency said in a press release.
At the same time, S&P affirmed the long-term local currency sovereign credit ratings at ‘CCC+’.
It also affirmed the short-term foreign and local currency sovereign credit ratings at ‘C’ and the national scale rating at ‘uaB+’.
The outlook is negative.
