International rating agency Fitch Ratings revised the Outlook of Belarusbank from Negative to Stable

December 14, 2012 - international rating agency Fitch Ratings revised the Outlook of Belarusbank from Negative to Stable and affirmed credit ratings at the same level: "B-/B".

 The revision of the Outlook from Negative to Stable reflects the opinion of Fitch Ratings about the stabilization of the Belarusian economy in 2012. Credit ratings of Belarusbank are strengthened by the high availability of the Belarusian authorities to support the financial institution in case of need. Fitch's view on support for Belarusbank is driven by the bank's state ownership, high systemic importance and its significant policy role. Currently share of Belarusbank accounts for a large 40% of assets and 41% of deposits of banking sector of the Republic of Belarus.

 As analysts of rating agency inform, ratings of Belarusian banks could come under pressure in short-term and middle-term outlook in case of deterioration of macroeconomic situation, economic indicators and sovereign credit profile. Further stabilization of economy of the country would reduce negative influence to the international credit ratings of banks.

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