Fitch Ratings has affirmed the Long-term Issuer Default Ratings (IDR) of Belgazprombank at 'B-' with Stable Outlook.
Fitch Ratings remains confident in the support of the Russian shareholders of Belgazprombank (jointly owned by PJSC «GAZPROM» (BBB-/Stable) and Bank GPB (JSC) (BB+/Stable)) in case of need and their commitment to the Belarus market evidenced by the recapitalization of the bank through a subordinated loan provided to it in 2015.
At the same time Belarus' Country Ceiling (B-) has a moderate influence on the Bank’s long-term IDR at “B-“ level.
In relation to Belgazprombank the rating actions are as follows:
- Long-term IDR: affirmed at 'B-'; Outlook Stable
- Short-term IDR: affirmed at 'B'
- Viability Rating: affirmed at 'b-'
- Support Rating: affirmed at '5'
For more details please refer to the agency’s webpage www.fitchratings.com.