KIEV, July 5 - Standard & Poor's Ratings Services has affirmed its 'B' long-term issuer credit rating on Ukraine's Autonomous Republic of Crimea. The outlook is negative.

"The negative outlook reflects our negative outlook on Ukraine (B/Negative/B). We would revise the outlook on Crimea to stable if we revised our outlook on the sovereign to stable. We might lower the ratings on Crimea if we lowered the ratings on Ukraine, all other things being equal," reads the report.