LONDON, Oct. 30 - Fitch Ratings announced it has placed Naftogaz Ukrayiny's local and foreign currency issuer default ratings of 'B+' on rating watch negative.

This follows the announcement that Ukraine is to pay $130 per thousand cubic meters of gas in 2007 compared to $95 per thousand cu m in 2006. The senior unsecured B+ rating on the company's $500 million eurobond maturing in 2009 is also placed on negative watch, while the issue's recovery rating is affirmed at RR4.