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31.05.10

Standard & Poor's assigned В+/В credit ratings to Belagroprombank JSC

On May 28, 2010, Standard & Poor's Ratings Services assigned its 'B+' long-term and 'B' short-term local and foreign currency counterparty credit ratings to Belarus-based Belagroprombank JSC. The outlook is negative.

The ratings assigned to Belagroprombank are the highest possible for the Belarussian banks and fully mirrors the sovereign ratings of the Republic of Belarus.

The ratings reflect a high likelihood of government support to Belagroprombank JSC, the bank's strong domestic market position, adequate capitalization.

The full version of press-release is available on Standard & Poor's website .

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