BELARUS: S&P Global affirms "B/B" credit ratings for Belarus

11 October 2018 — Marina MAGNAVAL
On October 5, 2018, the rating agency S&P affirmed "B/B" long- and short-term foreign and local currency sovereign credit ratings on Belarus with a stable outlook, as the Finance Ministry of the Republic announced.

According to the agency, the country's economy is recovering, there are positive changes in monetary policy framework that resulted in inflation decreasing below 5% for the first time in the country's post-Soviet history.

The stable outlook reflects the agency expectations that the external imbalances of Belarus will not escalate, while fiscal policy will remain restrained for the next 12 months, the government will keep the access to capital markets open, as well as accept possible support from the Russian Federation to refinance government debt, according to the statement on the official website of the Finance Ministry of the Republic.

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