KYIV, April 7 - S&P Global Ratings lowered the long-term foreign currency rating on Ukraine to 'CCC' from 'CCC+', the outlook on the foreign-currency rating is negative and that on the local-currency rating is stable, the agency said on its website.

"The rating action follows Ukraine's official announcement that it will restructure its foreign currency external debt to restore public debt sustainability, as part of the recently agreed, four-year, $15.6 billon Extended Fund Facility arrangement with the IMF," it said.