On May 25, 2021 Fitch Ratings affirmed Belgazprombank's Long-Term Issuer Default Rating (IDR) at “B” with Negative Outlook, which is the highest rating possible for Belarusian issuers capped by the country ceiling.
![Fitch Affirms Belgazprombank at “B” Fitch Affirms Belgazprombank at “B”](/upload/resize_cache/iblock/965/800_800_1/BGPB_Fitch_Ratings_English.jpg)
The ratings action is driven by potential support the bank could receive, if required, form its joint Russian owners, PJSC Gazprom (BBB/Stable) and Gazprombank (Joint-Stock Company) (BBB-/Stable), each holding a 49.82% stake. Ratings are also underpinned by Belgazprombank’s standalone profile, which is influenced, among other factors, by the bank’s assets quality.
The ratings of Belgazprombank affirmed by Fitch Ratings:
Long-term IDR: “B”, Outlook Negative;
Short-term IDR: “B”;
Support Rating: “4”;
Viability Rating: “b”.
For full rating report, please visit the official site of Fitch Ratings at https://www.fitchratings.com/research/banks/fitch-affirms-belgazprombank-at-b-outlook-negative-25-05-2021