MOSCOW, Nov. 2 - Standard & Poor's Ratings Services has revised its outlook on Ukraine to stable from positive.

The agency affirmed the 'CCC+/C' long- and short-term foreign currency sovereign credit ratings, the 'B-/C' long- and short-term local currency ratings, and the 'uaBBB' Ukraine national scale ratings.

"The outlook revision reflects renewed uncertainty regarding the implementation of the country's IMF Stand-By Arrangement ahead of the Jan. 17, 2010, presidential elections," Standard & Poor's credit analyst Frank Gill said.