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S&P: Belarus-Based Belagroprombank JSC Affirmed At 'B-/C' On Improved Liquidity; Outlook Stable

January 24, 2017
S&P Global Ratings today affirmed its long- and short-term local and foreign counterparty credit ratings on Belarus-based Belagroprombank JSC at 'B-/C'. The outlook is stable.

The affirmation reflects our view that ongoing support from the Belarusian government and Belagroprombank's established market position will balance the risks stemming from the bank's low profitability, elevated nonperforming loans, and growing credit costs. The rating largely mirrors the foreign currency sovereign credit rating on Belarus (B-/Stable/B), since the bank operates exclusively in Belarus and remains highly exposed to the country's risky operating environment.
Company — Belagroprombank
  • Full name
    Public Joint Stock Company «Belagroprombank»
  • Registration country
    Belarus
  • Industry
    Banks