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FitchRatings agency affirmed the long-term rating for the Development Bank

28.05.2020

On May 27, 2020 the international rating agency FitchRatings affirmed a long-term credit rating for Development Bank as B with a Stable Outlook.

The agency remains positive as to systemic significance of the Development Bank for implementing the missions of economic and social policy in the country and high probability of government support to the Bank, including by means of secondary liability in respect to its bonds issued.  

The Stable outlook for the Development Bank’s activities mirrors the Stable outlook for the Republic of Belarus, as noted the FitchRatings agency in its press release.