REUTERS The issue ratings on Ukraine&#39;s Long-Term senior unsecured Local Currency bonds have also been affirmed at &#39;CCC&#39;. The Short-Term Foreign Currency (STFC) IDR has been affirmed at &#39;C&#39; and a new Short-Term Local Currency (STLC) IDR of &#39;C&#39; has been assigned, according to the press release. Under the European Union credit rating agency&rsquo;s (CRA) regulation, the publication of sovereign reviews is subject to restrictions and must take place according to a published schedule, except where it is necessary for CRAs to deviate from this to comply with their legal obligations. Read alsoFitch affirms 5 Ukrainian foreign-owned banksFitch interprets this provision as allowing the country to publish a rating review in situations where there is a change in the criteria one believes makes it inappropriate to wait until the next scheduled review date to update the rating or Outlook/Watch status. The next scheduled review date for Fitch&#39;s sovereign rating on Ukraine is November 11, 2016, but Fitch believes that a portfolio review is now warranted based on recent changes to the country&rsquo;s criteria. In line with the updated guidance contained in Fitch&#39;s revised Sovereign Rating Criteria, dated July 18, 2016, Ukraine&#39;s credit profile does not support a notching up of the LTLC IDR above the LTFC IDR. This reflects Fitch&#39;s view that neither of the two key factors cited in the criteria that support upward notching of the LTLC IDR are present for Ukraine. Those two key factors are: (i) strong public finance fundamentals relative to external finance fundamentals; and (ii) previous preferential treatment of LC creditors relative to FC creditors, the report said.