Fitch Ratings confirmed JSC JSSB Belarusbank ratings at B-level (press-release)

On October 9, 2007 International rating agency Fitch Ratings confirmed JSC JSSB Belarusbank ratings. Confirmation of ratings expresses Fitch Ratings opinion regarding the ability of Belorussian government to give support to the bank if required.

Long-term issuer default rating (IDR) is confirmed at B-level, forecast is Stable; short-term rating is at -level; individual rating is at D/E-level; support rating is 5 and the support of long-term IDR is B.

Belarusbank is the major state owned bank. The Bank takes active participation in credit programs to realize social and economic policy of the republic. Taking into account strategic importance of the bank the government of the Republic of Belarus stated its intention to keep control over it at least untill 2010.

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