KIEV, Aug. 26 - Fitch Ratings has downgraded Ukraine's Long-term local currency Issuer Default Rating (IDR) to 'CCC' from 'B-' and affirmed its Long-term foreign currency IDR at 'CCC'.

The issue ratings on Ukraine's senior unsecured local currency bonds were downgraded to 'CCC' from 'B-' while the senior unsecured foreign currency bonds were affirmed at 'CCC,' Fitch said in a statement.