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S&P affirms Belarus at 'B/B', outlook stable

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MINSK, 8 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 is stable, BelTA learned from the Finance Ministry.

Standard & Poor's expects growth to average 2% a year in Belarus in a mid-term perspective. The experts welcome a better quality of gold and foreign currency reserves, export diversification in terms of product and geography, a conservative monetary policy and its synchronization with the monetary policy, which allowed stabilizing the national debt and inflation.

The experts positively evaluated Belarus’ access to international markets of capital and prospects of raising Russian loans this year.

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