Fitch revises the outlook to Positive from Stable and affirms ratings of Belarusbank (press release)

Internationally recognized agency Fitch Ratings has affirmed the Long-term Issuer Default Ratings (IDR) of Belarusbank at ‘B-’ and has revised the Outlook to Positive from Stable. Short-term foreign currency IDR was affirmed at B.

image003Key rating drivers according to agency’s analytics are potential support from the Belarusian Government, significance of Belarusbank for the entire banking  system and the level of sovereign rating (Republic of Belarus has Fitch long-term foreign and local currency IDRs at B- with a Positive Outlook).

 

Belarusbank press service

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