Standard&Poor’s affirms Belarus “B/B” Ratings (outlook stable)

On October 4, 2019 Standard&Poor’s affirmed its “B/B” long- and short-term foreign and local currency sovereign credit ratings on Belarus with stable outlook.

The Agency highlighted improvement macroeconomic policymaking which allowed stabilizing public debt and inflation.

Analysts expect that Belarus’ external imbalances will not while its fiscal stance remains comparatively tight over the next 12 months, and that the government will retain access to international capital market and support from Russia to refinance upcoming public debt redemptions.

The Agency estimates that annual GDP growth will account for 2% in middle-term.