Address:

222603, Nesvizh, Sovetskaya str., 1

E-mail:

info@nesvizh.gov.by (for business correspondence)

Reception phone:

+375 (1770) 5-94-49

Fax reception:

+375 (1770) 5-10-91

Operating mode:

on working days: 8.00 - 17.00, lunch break: 13.00 - 14.00

Telephone «hot line» of the regional executive committee:

+375 (1770) 5-94-49

Single help service telephone number «one window»: 142

Fitch affirms Belarus at 'B', outlook stable

18.05.2020

Fitch Ratings has affirmed Belarus' long-term and short-term foreign-currency and local-currency issuer default rating at 'B' with a stable outlook. Belarus Eurobond rating has also been affirmed at ‘B', BelTA learned from the Finance Ministry.

Belarus' rating reflects improved macroeconomic stability, high income per capita, prudent fiscal policy and a clean debt repayment record.

At the same time Fitch Ratings points to weak growth prospects, government debt highly exposed to foreign currency risks, low foreign exchange reserves and a weak banking sector.

According to the agency, the fiscal and monetary policy pursued by Belarus will allow preserving macroeconomic stability and managing refinancing risks on debt payments despite the significant impact of the COVID-19 pandemic.

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