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28 May 2020, 12:58

Fitch affirms three Belarusian state-owned banks at 'B'; Outlook Stable

Imago photo
Imago photo

MINSK, 28 May (BelTA) - Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDR) of Belarusbank (BBK), Belinvestbank, OJSC (BIB), and Development Bank of the Republic of Belarus (DBRB) at 'B'. The Outlooks are Stable, BelTA learned from the website of Fitch Ratings.

The IDRs, SRs and the SRFs of the three banks are driven by support from the Republic of Belarus (B/Stable) in case of need. The Stable Outlooks on the banks' Long-Term IDRs mirror that on the sovereign, the agency said.

However, Fitch also views the ability of the authorities to provide such support as limited, especially if support has to be provided in foreign currency.

Fitch Ratings, an American Corporation, makes part of the big three international rating agencies, alongside with Standard Poor's and Moody's. The agency is a leading provider of credit ratings, commentary and research for global capital markets.

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