Belarus Expects S&P, Moody's to Assign New Ratings in Spring
OREANDA-NEWS. Belarus is looking to forward to having new sovereign credit ratings assigned by Standard & Poor’s in late April and Moody’s in late May this year, Belarus’ First Deputy Minister of Finance Vladimir Amarin told reporters.
For the time being, Standard & Poor's long-term foreign and local currency sovereign credit ratings for Belarus stand at 'B-', with a stable outlook.
Moody's foreign- and local-currency government bond ratings for Belarus currently stand at B3, with a negative outlook.
The vice minister of finance reckons that it is unlikely that both ratings will be downgraded.
Belarus, which is due to launch a Eurobond offering soon, finds it important to have sovereign credit ratings assigned by the world’s top-notch ratings agencies. Belarus has already conducted a road show to promote the government’s Eurobonds in Europe and Asia.
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