KIEV, July 12 - Fitch Ratings has today upgraded Ukraine-based TAS-Kommerzbank's ratings to Long-term foreign currency Issuer Default ('IDR') 'BB-' (BB minus) from 'B-' (B minus), National Long-term 'AAA(ukr)' from 'BBB-(minus)(ukr)' and Support '3' from '5', the agency reported in a press release, posted on the official Web site.

According to the press release, the ratings are removed from Rating Watch Positive. A Long-term local currency IDR of 'BB' has also been assigned. Both Long-term IDRs are on Positive Outlook. The Outlook for National Long-term rating is Stable. The Short-term foreign currency IDR and Individual rating are affirmed at 'B' and 'D/E' respectively.