KIEV, July 26 – Standard & Poor's Ratings Services has placed on CreditWatch with positive implications its 'B' long-term foreign currency rating on Ukraine-based iron ore producer Ferrexpo PLC, reflecting the recent CreditWatch action on Ukraine.

At the same time, the 'B+' long-term local currency and 'B' short-term corporate credit ratings on Ferrexpo were affirmed, S&P said in a statement.