KIEV, May 29 - Fitch Ratings has affirmed UkrSibbank's (UkrSib) Long-term foreign currency Issuer Default Rating (IDR) at 'CCC.'

Simultaneously, Fitch withdrew UkrSib's ratings as the bank had chosen to stop participating in the rating process, Fitch said in a statement.

Therefore, according to Fitch, the rating agency will no longer have sufficient information to maintain the ratings. Accordingly, Fitch will no longer provide ratings or analytical coverage for UkrSib.