Belarus Visa-Free: Now For 30 Days
Official Website of the Republic of Belarus
Business
Belarus Events Calendar
Belarus’ Top Tourist Sites
UNESCO World Heritage Sites in Belarus
Belarusian sanatoria and health resorts
Souvenirs from Belarus
| Home | Business | Business news

Business news

18 May 2020

Fitch affirms Belarus at 'B', outlook stable

Fitch affirms Belarus at 'B', outlook stable

MINSK, 18 May (BelTA) – Fitch Ratings has affirmed Belarus' long-term and short-term foreign-currency and local-currency issuer default rating at 'B' with a stable outlook. Belarus Eurobond rating has also been affirmed at ‘B’, BelTA learned from the Finance Ministry.

Belarus' rating reflects improved macroeconomic stability, high income per capita, prudent fiscal policy and a clean debt repayment record.

At the same time Fitch Ratings points to weak growth prospects, government debt highly exposed to foreign currency risks, low foreign exchange reserves and a weak banking sector.

According to the agency, the fiscal and monetary policy pursued by Belarus will allow preserving macroeconomic stability and managing refinancing risks on debt payments  despite the significant impact of the COVID-19 pandemic.

Archive
Su Mo Tu We Th Fr Sa
Great Patriotic War monuments in Belarus
Partisan Chronicles