LONDON, June 23 - Fitch Ratings has assigned Ukraine's upcoming five-year $500-million eurobond a 'BB-' rating, the agency said.

The rating is in line with Ukraine's Long-term foreign currency Issuer Default rating (IDR) of 'BB-' (BB minus) with Stable Outlook.

Fitch revised the Outlook for Ukraine's IDRs to Stable from Positive in May 2008, citing an unconvincing policy response from the authorities to mounting risks to the country's macroeconomic and financial stability from rising inflation and deteriorating external finances. Amelioration of current risks involving a much firmer commitment by the authorities to restore the conditions for sustainable growth would be positive for the ratings. However, further worsening of risks to the economy's prospects would add to negative pressure on the ratings.