FRANKFURT, Feb. 26 - Standard & Poor's Ratings Services has lowered its long-term and short-term counterparty credit ratings on Alfa-Bank Ukraine, JSC Kredobank, and Ukrsotsbank OJSC to 'CCC+/C' from 'B/B', the ratings agency said in a statement.

The Ukraine national scale ratings on these three banks were lowered to 'uaB' from 'uaBBB'. The ratings were removed from CreditWatch where they were placed with negative implications on Feb. 13, 2009.