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9 Apr 2018

S&P affirms Belarus 'B/B' ratings

MINSK, 9 April (BelTA) - S&P Global Ratings affirmed its 'B/B' long- and short-term foreign and local currency sovereign credit ratings on Belarus. The outlook on the long-term ratings is stable, reads a statement posted on the website of the Finance Ministry.

“The stable outlook reflects S&P’s expectation that Belarus' external imbalances will moderate while the fiscal stance remains comparatively tight over the next 12 months, with the government retaining market access to refinance public debt redemptions beyond 2018,” reads the statement.

The rating agency acknowledged several important policy steps taken by the government and the National Bank over the past few years, including adhering to a tighter fiscal policy and transitioning to a more flexible exchange rate arrangement.

S&P experts expect the economic growth and low inflation to remain in place in the coming years.

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