International Ratings of JSC Belagroprombank
19.07.2011
On July 12, 2011 Fitch Ratings published its press-release on the credit ratings of JSC Belagroprombank. In autumn 2010 JSC Belagroprombank withdrew contractual relations with this ratings agency. Since then, the ratings have been maintained by Fitch just on the back of the official financial releases published by the bank.
In accordance with Fitch release the following ratings have been affirmed and withdrawn:
- Long-term IDR: affirmed at 'B', Outlook Negative; withdrawn
- Short-term IDR: affirmed at 'B'; withdrawn
- Individual Rating: affirmed at 'D/E'; withdrawn
- Support Rating: affirmed at '4', withdrawn
- Support Rating Floor: affirmed at 'B'; withdrawn
At present JSC Belagroprombank continues to cooperate with two ratings agencies, Moody’s and Standard&Poor’s. The current ratings assigned are:
Moody’s
- Foreign currency long-term В 3;
- Foreign currency short-term Not Prime;
- Local currency long-term В 2;
- Local currency short-term Not Prime;
- Bank financial strength rating Е + ;
- All ratings outlook Negative.
Standard & Poor’s
- Local currency long-term – "В";
- Local currency short-term – "В";
- Foreign currency long-term – "B";
- Foreign currency short-term – "B";
- All ratings outlook – "Negative".
