KYIV, Aug 22 – S&P Global Ratings raised its foreign currency long- and short-term sovereign credit ratings on Ukraine to 'CCC+/C' from 'SD/SD' and the long-term issue rating on the restructured foreign currency bonds to 'CCC+' from 'D' on August 19.

"The rating action follows the completion of Ukraine's eurobond restructuring," S&P said in a press release on its website.

In addition, S&P said that the outlook on the long-term ratings is stable. The agency affirmed our local currency sovereign ratings at 'CCC+/C' and raised the national scale rating to 'uaBB' from 'uaBB-'.