the World Bank 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, Fitch reported this week. ﻿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.