Fitch Ratings service gave Belarusbank a long-term Issuer Default Rating of B-/B with a stable outlook on Friday.
This rating has risen from Standard & Poor’s long-term currency rating of B- several months ago.
Belarusbank had a 1.8 percent rate of default at the end of the first half of 2014. This is considered a low default rate.
The rating is driven by many factors, mainly the expectation of support from the Belarus government, which is high.
These international credit ratings are valuable as a tool to measure stability because they are seen as reliable and independent. Good ratings will ensure the bank can save money on loan costs. Good ratings also help draw more investments.
International ratings from firms like Fitch and Standard & Poor's give the bank an outside look at what they are doing. The ratings also offer guidance to the bank in the executive decision-making process.