"Sustained bond market access would improve external financing flexibility, but until Ukraine has re-established a track record of issuance, multilateral and bilateral support will remain the key source of balance-of-payments and budget financing," the rating agency said in a statement posted on its website.
Fitch does not anticipate a strong pick-up in FDI inflows in 2017-2018, leaving official disbursements (mostly from the IMF) to provide the bulk of net external financing.
"IMF programme also underpins the confidence and reform momentum that supported Ukraine's bond market return and helps ensure support from other official sector creditors," it said.
Read alsoUkraine borrows $3 bln: Terms of Eurobonds placementUkrainian President Petro Poroshenko announced on September 18 that Ukraine had entered the market of borrowings and raised US$3 billion for 15 years at a rate of 7.375% per annum.
The Ukrainian Finance Ministry said that the funds from the placement of eurobonds are to arrive on September 25. About US$1.3 billion from the sum will be funneled into the general fund of Ukraine's national budget.
According to the draft prospectus of Ukraine's eurobonds issue, the country should repay US$64.196 billion on its foreign and domestic debts in the next five years.
