KIEV, July 24 - Fitch Ratings has assigned Ukrainian MTN Finance Plc's $2 billion LPN program a final Long-term 'BB-' (BB minus) rating for notes with maturities in excess of one year, and a final Short-term 'B' rating for notes with maturities of less than one year.

The notes are to be used solely for financing loans to Ukraine's Joint-Stock Commercial Innovation Bank UkrSibbank (UkrSib, Long-term foreign currency Issuer Default (IDR) 'BB-' (BB minus) with Stable Outlook, Short-term IDR 'B', Long-term local currency IDR 'BB' with Stable Outlook, Individual 'D', Support '3' and National Long-term 'AAA(ukr)' with Stable Outlook). Ukrainian MTN Finance Plc will only pay noteholders principal and interest received from UkrSib.