Fitch Ratings downgrades Belarus’ long-term credit rating to ‘CCC’, indicating a high probability of default
March 9, BPN. International rating agency Fitch Ratings has downgraded Belarus’ Long-Term Foreign Currency Issuer Default Rating (IDR) to ‘CCC’ from ‘B’.
On the credit rating scale, the ‘CCC’ level means “high probability of default.”
Long-term ratings assess the issuer’s ability to fulfill its debt obligations in a timely manner.
Fitch analysts believe that Belarus’s role in Russia’s invasion of Ukraine may lead to new sanctions that could affect the exchange rate of the national currency and would also create significant risks to macro-financial stability.
Fitch Ratings is not certain that Russian authorities would be able to provide financial support to the Belarusian government in the current situation. The agency considers this support “necessary for Belarus to meet it 2023 Eurobond repayment.”
Fitch Ratings, along with Standard & Poor’s (S&P) and Moody’s, is one of the so-called “Big Three” international rating agencies.
On March 4, S&P also downgraded the long-term credit rating of Belarus from ‘B’ to ‘CCC’.
- Politics, SecurityInternal troops, riot police hold a search and destroy drill outside MinskThe material is available only to POZIRK+
- Politics, SecurityBelarus’ KGB veterans serving at top positions at Russia’s Tsentr 795 involved in political assassinations abroadThe material is available only to POZIRK+
- PoliticsUCP’s Kazłoŭ appointed as law and order chief in opposition’s campThe material is available only to POZIRK+
- PoliticsRights groups declare 11 more people political prisonersThe material is available only to POZIRK+
- Economy, PoliticsFM spokesman takes swipe at Lithuania over nuclear powerThe material is available only to POZIRK+
- PoliticsUCP stalwart Mikałaj Kazłoŭ recommended for opposition’s law and order chiefThe material is available only to POZIRK+
- Politics, SecurityAttack on Iran failed, Łukašenka saysThe material is available only to POZIRK+
- Politics
- Society, SportHandball legend Rusianka elected as head of Belarus’ basketball federationThe material is available only to POZIRK+
- Politics, Security
- PoliticsLukašenka says Minsk discussing prisoner releases with WashingtonThe material is available only to POZIRK+
- PoliticsLithuanian FM Budrys on ICC probe of Lukašenka: justice must prevailThe material is available only to POZIRK+
- Economy
- EconomyCentral bank’s net foreign currency assets up 4.6 percent in FebruaryThe material is available only to POZIRK+
- EconomyBelarus’ money supply up 3.3 percent in February – central bankThe material is available only to POZIRK+
- PoliticsInterior ministry brands 29 people as extremistsThe material is available only to POZIRK+
- PoliticsKyiv welcomes ICC probe of Łukašenka's alleged crimes against humanityThe material is available only to POZIRK+
- Politics
- PoliticsReprisals: Hrodna region woman arrested over social media reactionThe material is available only to POZIRK+
- PoliticsCichanoŭskaja meets with Latvian presidentThe material is available only to POZIRK+



