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S&P affirms Belarus’ Development Bank 'B/B' ratings with stable outlook

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MINSK, 25 June (BelTA) - S&P Global Ratings affirmed its 'B/B' long- and short-term foreign and local currency issuer credit ratings on Development Bank of the Republic of Belarus (DBRB). The outlook is stable, BelTA learned from the Bank’s press service.

According to the agency, the Development Bank of the Republic of Belarus (DBRB) has an integral link with and critical role for the government of Belarus given that it implements a number of priority state projects.

S&P Global Ratings noted that there is an almost certain likelihood that government would provide DBRB with timely and extraordinary support sufficient to service the bank's financial obligations, if needed.

The stable outlook on DBRB reflects balanced risks and mirrors the outlook on Belarus, the press service informed.

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