S&P lowers long-term foreign currency rating on Ukraine to "CC", negative outlook

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.