S&P: Belarusian banks' view stable

Standard & Poor's said revised its outlooks on JSC Development Bank of the Republic of Belarus, JSC Savings Bank Belarusbank, Bank BelVEB OJSC, BPS-Sberbank and Belagroprombank JSC to stable from positive.

At the same time, the agency affirmed its long- and short-term counterparty credit ratings on Belarusbank, BelVEB, BPS-Sberbank and Belagroprombank at B-/C and on Development Bank of Belarus at B-/B.

S&P said the outlook revisions follow its similar action on Belarus on Oct. 18. The agency views the sovereign's creditworthiness as the key risk factor for Belarusian financial organizations because of their high operational, funding, and asset exposure to the predominantly state-owned Belarusian economy.

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