MINSK, 19 July (BelTA) – Not all the international rating agencies are independent and objective in their evaluations these days, the Belarusian Finance Ministry told BelTA.
According to the source, Belarus puts every effort into resolving problems with transactions concerning eurobonds despite the complicated situation arising from restrictions introduced by the West.
Reports of some international rating agencies state that difficulties with payments are technical and are caused by Western sanctions. The reports admit Belarus is capable of honoring its financial commitments in full and on time and does everything possible for the sake of transactions with investors. But some agencies believe that any actions of Belarus fail to meet the specified terms.
The Finance Ministry pointed out that the issuer and eurobond holders are open to cooperation despite technical difficulties. “However, there are third persons, whose actions are certainly aimed at reproducing artificial default phenomena in accordance with the party line of the West,” the source said.
According to the Finance Ministry, in the current complicated times one should not blindly adhere to standard practices while some statements made by rating agencies about Belarus' defaulting on payments should be applied to the Western infrastructure, which has demonstrated its indifference to investors.
