Fitch: negative view for 4 Belarusian banks

Fitch Ratings said it revised the outlooks of four Belarusian state-owned banks, Belarusbank, Belagroprombank, BPS-Bank and Belinvestbank, to negative from stable. The agency also affirmed their ratings.

Belarusbank's long-term issuer default rating is affirmed at B- and short-term issuer default rating at B.

Belagroprombank's long-term issuer default rating is affirmed at B- and short-term issuer default rating at B.

BPS-Bank's long-term issuer default rating is affirmed at B- and short-term issuer default rating at B.

Belinvestbank's long-term issuer default rating is affirmed at B- and short-term issuer default rating at B.

The negative outlooks reflect the weakening ability of the Belarusian authorities to support the banking system, in case of need, Fitch said.

They also take into account the potential for a marked deterioration in the banks' stand-alone financial profiles in the event of a sharp economic downturn and reduced state support for the corporate sector, the agency said.

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