Fitch Ratings just upgraded Ukraine's credit status, lifting it out of selective default territory. The move came after Ukraine's creditors reached a deal to swap growth-linked debt into traditional bonds—essentially converting debt obligations into more conventional instruments. This kind of restructuring is a big deal in sovereign debt markets. For crypto investors watching macro trends, it's worth noting: when governments start renegotiating debt structures, it often signals shifting risk appetite across asset classes. Ukraine's move here is basically a step toward financial stabilization, which can influence how investors view emerging market assets and geopolitical risk premiums. The broader takeaway? Debt relief deals like this can shift market sentiment, especially when major ratings agencies acknowledge the improvement.