Fitch acts on Belarusian banks

Fitch Ratings said it affirmed the long-term issuer default ratings of BPS-Sberbank, Belgazprombank and BelVEB OJSC at B.

The outlooks are stable.

The agency also upgraded Belgazprombank's viability rating to b from b- and affirmed the viability ratings of BPS and BelVEB at b-.

Fitch said the upgrade of Belgazprombank's viability rating reflects the agency’s reassessment of the bank's credit profile in line with a reassessment of the operating environment, which in turn reflects the recent upgrade of the sovereign rating and improved near-term economic prospects.

The upgrade also reflects the bank’s track record of more stable asset quality performance and profitability compared with Belarusian peers.

The affirmation of the viability ratings of BPS and BelVEB reflects the banks' weaker asset quality and less stable performance, Fitch said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.