KIEV, Aug. 5 - Standard & Poor's Ratings Services has revised its estimate of the incidence of gross problematic assets (GPAs) in the Ukrainian financial system under a reasonable (but not catastrophic) scenario of economic recession to 35-50% from 50-75%, the rating agency said in a statement.

At the same time, Standard & Poor's affirmed its Banking Industry Country Risk Assessment (BICRA) on Ukraine at Group 10.