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S&P Global Ratings Confirms Development Bank’s Credit Rating

25.06.2020

On 23rd of June 2020, the international rating agency S&P Global Ratings affirmed the long-term and short-term credit ratings of the Development Bank of the Republic of Belarus at “В/В” (outlook stable).

Experts of the rating agency noted the “integral” connection to the Government of the Republic of Belarus and the “critical” role of the Bank in the implementation of certain high-priority state projects.

S&P Global Ratings emphasizes the “almost certain” likelihood of providing the Bank with timely extraordinary support from the Government, sufficient to service financial obligations if necessary.

The outlook of the Development Bank reflects the balance of risks and is fully consistent with the outlook for the sovereign rating of the Republic of Belarus.