MINSK, 9 October (BelTA) - S&P Global Ratings raised its long-term local and foreign currency sovereign credit ratings on the Republic of Belarus to 'B' from 'B-'. The outlook on the long-term ratings is stable, reads the pres release of the rating agency.
The local and foreign currency short-term ratings were affirmed at 'B'.
S&P expects Belarus' GDP growth to average close to 2% annually in 2017-2020. Through eurobond issuance and official loans, Belarus has secured the majority of its financing needs for 2018, the press release noted.
