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Tuesday, May 23, 2017

Belarusbank's short-term credit rating upgraded to B-

Standard & Poor's Global Ratings (S&P) has upgraded Belarusbank's short-term credit ratings to a B-, up from a previous C rating.

The B- rating also carries a stable outlook, according to a bank announcement. The bank's business position is considered strong and funding is considered "above average" by S&P when compared to other banks in the Belarus market.

International credit ratings are considered to be a reliable assessment of the bank's profile, also showing the banks transparency and financial solvency, according to the press release.

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