BELARUS NEWS AND ANALYSIS

DATE:

20/09/2007

Belarus' Export-Import Insurance Co rated 'B' - Fitch

MUMBAI (Thomson Financial) - Fitch Ratings said it assigned an insurer financial strength rating of 'B' to stated-owned Export-import Insurance Company of the Republic of Belarus (Eximgarant) with a stable outlook.

Fitch said the rating reflects the operational challenges of building up a viable portfolio of export credit insurance business and managing an increasing reliance on reinsurance support.

The rating also reflects Fitch's view of the credit risks to which Eximgarant is exposed owing to its domicile in Belarus and the limited scope in Belarus for the establishment of a diversified investment portfolio.

Source:

http://www.forbes.com/markets/feeds/afx/2007/09/20/afx4138224.html

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