LONDON, May 14 - Fitch Ratings announced it has revised Ukraine's Outlooks to Stable from Positive.

Ukraine's Long-term foreign and local Issuer Default Ratings (IDR) are affirmed at 'BB-' (BB minus). The Country Ceiling is affirmed at 'BB-' (BB minus) and the Short-term foreign currency IDR at 'B'. "Ukraine's recent strong macroeconomic performance faces growing risks from accelerating inflation and a rising current account deficit," said Andrew Colquhoun, Director in Fitch's Sovereigns Group. "While improving fundamentals continue to support Ukraine's ratings, an uncertain policy response is not convincingly mitigating the near-term risks facing the economy, justifying a reversion to a Stable Outlook," Colquhoun said.