Business news

MINSK, 21 January (BelTA) – Fitch Ratings has affirmed Belarus' long-term foreign- and local-currency issuer default ratings (IDRs) at 'B' with a stable outlook. The country’s short-term foreign- and local-currency IDRs were also affirmed at ‘B’, BelTA learned from the Belarusian Finance Ministry.

Fitch welcomed the country’s clean debt repayment record and improving macroeconomic stability, which is largely attributed to the balanced macroeconomic policy.

The agency also affirmed Belarus’ eurobond rating at 'B'.