Fitch affirms ratings of Belarusbank (press release)

Internationally recognized agency Fitch Ratings has affirmed the Long-term Issuer Default Ratings (IDR) of Belarusbank at ‘B-’, Outlook Stable.

 According to Fitch this estimate reflects expectation of potential support from the government of Belarus, in case of need. This view takes into account the state ownership of the bank and its high systemic importance.

 In addition Standard & Poor’s has affirmed the long term and short term credit ratings of Belarusbank in foreign currency and local currency at ‘-/’ with a stable outlook.

 International credit ratings are viewed as reliable independent assessment of Belarusbank’s credit profile. Solid ratings prove the bank’s transparency and financial solvency. They facilitate transactions on the debt capital market and help attract investments.

 Belarusbank press service

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