NEW YORK Oct. 3 - Standard & Poor's Ratings Services said today that it assigned its 'BB-' credit rating to the Republic of Ukraine's upcoming ?600 million notes to be issued later in October.

Standard & Poor's also affirmed its 'BB-' long-term foreign and 'BB' long-term local currency and its 'B' short-term sovereign credit ratings on Ukraine; the 'uaAA' national scale rating on Ukraine was also affirmed. The outlook is stable.