On 31 July 2017 Fitch Ratings has affirmed Long-term Issuer Default Rating (IDR) of Belgazprombank at “B-“ with improved Outlook to Positive from Stable. The rating action follows the revision of Outlooks on “B-“ Belarus sovereign ratings to Positive from Stable.
At present Belgazprombank’s rating, whose further upgrade is limited by the country ceiling, corresponds to the highest possible level assigned by Fitch Ratings to the country financial institutions.
The revision of Outlook on Belgazprombank’s IDR reflects the likelihood of it being upgraded once the sovereign ratings are upgraded and the country ceiling is revised to “B” from “B-“.
In relation to Belgazprombank the rating actions are as follows:
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Long-term Foreign Currency IDR affirmed at ”B-“; Outlook revised to Positive from Stable
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Short-term IDR affirmed at “B”
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Support Rating affirmed at ”5”
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Viability Rating: 'b-', unaffected
For more details please refer to the agency’s webpage www.fitchratings.com.
