BELARUS: FITCH Ratings confirmed sovereign credit rating of Belarus at B level with stable forecast

The Rating agency FITCH Ratings on July 20, 2018 confirmed long-term and short-term sovereign credit ratings of Belarus on foreign and local currency obligations at the B level with stable forecast.

This rating action reflects the balance between improved macroeconomic situation and a range of potential risks. FITCH pointed out strong recovery of economic activity in the country, according to the agency's research economic growth in 2018 will reach 3.5% supported by trading partners and investment activity, in the context of availability of external financing and strengthening of domestic consumption. Also FITCH believes that annual average inflation of Belarus in 2018 will stay at the level of 6%.

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