BELARUS NEWS AND ANALYSIS

DATE:

30/10/2007

Belarus' 'B1' govt bond ratings supported by macroeconomic performance - Moody's

MUMBAI (Thomson Financial) - Moody's Investors Service said Belarus' 'B1' government bond ratings are supported by recent excellent macroeconomic performance and low debt, but are constrained by the inflexibility of the country's tightly regulated and industrially concentrated economy.

In its annual report on the country, Moody's said the government bond ratings, along with its assessment of a moderate risk of a payments moratorium in the event of a government default, serves as the basis for Belarus' 'Ba2' foreign currency country ceiling for bonds.

"The ratings reflect both Belarus' good record of economic growth over many years and the changed circumstances and challenges now facing the government. This may lead to certain economy-wide difficulties in efficient adjustment to external shocks," Moody's said. T

Source:

http://www.iii.co.uk/news/?type=afxnews&articleid=6361520&subject=companies&action=article

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