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Fitch affirms Belarus sovereign rating at ‘B’ with stable outlook

MINSK, 1 July (BelTA) - Fitch has affirmed Belarus' Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at 'B', BelTA learned from the website of the Finance Ministry.

“On 28 June Fitch Ratings affirmed Belarus' Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at 'B'. The Outlook is Stable,” the ministry said.

Belarus ratings reflect reducing government debt, growing FX reserves, and clean debt repayment record, the ministry noted.

Issue ratings on long-term senior-unsecured foreign-currency bonds have been affirmed at 'B'

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