News
21.07.2008

Moody's Investors Service confirmed ratings to Belarusbank (press-release)

On July 22, 2008 International rating agency Moody's Investors Service confirmed the following global scale ratings to Belarusbank:

2007

2008

long-term foreign currency deposit rating

2

2

short-term foreign currency deposit rating

Not Prime

Not Prime

long-term local currency deposit rating

1

1

short-term local currency deposit rating

Not Prime

Not Prime

bank financial strength rating

+

+

All of the bank's ratings carry a stable outlook.

Moody's assigns a bank financial strength rating (BFSR) of E+ to Belarusbank, which translates to a Baseline Credit Assessment of B1. The rating is underpinned by the bank's dominant market position as the country's largest bank by assets, capital and retail deposits, as well as its good asset quality and increasing international profile.

Moody's assigns a long-term global local currency (GLC) deposit rating of Ba1 to Belarusbank. The rating factors the very high probability of systemic support in the event of a stress situation given (a) the bank's majority ownership by the Belarus government, as well as (b) the bank's dominant position in the country's banking system, represented by its 42.1% share of total loans and 60.5% share of retail deposits at year-end 2007. As a result, this rating receives a three-notch uplift from the bank's B1 Baseline Credit Assessment.

Starting from 2007 Moody's Investors Service is the second international rating agency which assigns international ratings to Belarusbank.

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