Standard & Poor’s improved outlook on JSC Belagroprombank

On April 30, 2013 international rating agency Standard & Poor’s revised outlook on JSC Belagroprombank from stable to positive. At the same time Standard & Poor’s affirmed long-term and short-term ratings of JSC Belagroprombank at B- and C respectively. 

The outlook revision was triggered by positive changes in the economy of the Republic of Belarus and their appropriate favourable effect on Belagroprombank financial profile. According to the rating agency release strengthening of the positive economic situation can lead to the upgrade of bank rating.