credit ratings agency has downgraded Ukraine 's long - term and short - term foreign currency issuer default ratings , as we report on Monday . A year - long military conflict in eastern Ukraine has led to economic turmoil , and the country 's debt was expected to fall 12 % by the end of this year , more than the 7.5 % predicted in April , the financial sector reported this fall . the country is now heavily ﻿dependent on the International Monetary Fund and other international donors .
Fitch ratings agency has downgraded Ukraine's long-term and short-term foreign currency issuer default ratings, as we noted on Monday. A year-long military conflict in eastern Ukraine has led to economic turmoil, and the country's GDP was expected to fall 12% by the end of this year, more than the 7.5% predicted in April, the World Bank reported this week. ﻿T﻿he country is now heavily ﻿dependent on the International Monetary Fund and other international donors.