Moody's assigns first time ratings to JSC JSSB Belarusbank

JSC JSSB Belarusbank informs that Moody's Investors Service assigned the following global scale ratings to Belarusbank for the first time:

long-term foreign currency deposit rating


short-term foreign currency deposit rating

Not Prime

long-term local currency deposit rating


short-term local currency deposit rating

Not Prime

bank financial strength rating


All of the banks ratings carry a stable outlook.

Belarusbanks B2 long-term foreign currency deposit rating is constrained by the country ceiling for Belarus.

The banks Ba1/Not Prime long-term/short-term local currency deposit rating factors in Moodys assessment of the very high probability of systemic support in the event of a stress situation, given a) the banks 77.26% ownership by the Belarus government and b) the banks dominant position in the countrys banking system, represented by its 41% share of total assets and 62% share of retail deposits at year-end 2006. As a result, this rating enjoys a three-notch uplift from the banks B1 Baseline Credit Assessment.

Belarusbanks E+ BFSR, which translates to a Baseline Credit Assessment of B1, is underpinned by its dominant market position as the countrys largest bank by assets, capital and retail deposits, as well as its good asset quality and increasing international profile.

JSC JSSB Belarusbank has received international credit ratings by Fitch Ratings since 2001. Belarusbanks second international credit ratings by Moodys Investors Service would allow foreign investors to receive the detailed information about the bank from different independent internationally acknowledged rating agencies.

If you have noticed any discrepancy, please, highlight it and press Ctrl+Enter