Standard & Poor's upgrades Belagroprombank’s short-term credit ratings

The international rating agency Standard & Poor's has upgraded JSC Belagroprombank’s short-term issuer credit ratings in local and foreign currencies from ‘C’ to ‘B’. Long-term issuer credit ratings in local and foreign currencies remain constant at ‘B-’ with stable outlook. The press release was published on the website of the agency on April 28, 2017.

Thus, JSC Belagroprombank’s issuer credit ratings correspond to the sovereign credit ratings of the Republic of Belarus in local and foreign currencies – ‘B-/B’. The stable outlook of the country’s ratings also coincides with the bank’s credit ratings outlook.

JSC Belagroprombank which has high significance for the banking system of the country is one of the leading financial institutions in the Republic of Belarus in terms of authorized fund and equity as well as total assets and retail deposits.